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Qatari Wealth Fund to Create $100 Billion Unit in Overhaul

  • Sovereign investor said to group local assets in separate unit
  • Qatar Holding name said to be abandoned as part of changes
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Qatar Overhauls Wealth Fund Creating $100B Unit

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Qatar’s sovereign wealth fund is undergoing its biggest overhaul since 2014, grouping $100 billion of investments in local companies into a new unit and abandoning the Qatar Holding name synonymous with its highest-profile deals, people with knowledge of the matter said.

About $100 billion of the Qatar Investment Authority’s stakes in companies such as Qatar Airways and Qatar National Bank SAQ will be placed into a new internal division named Qatar Investments, the people said, asking not to be identified because the information is private. The fund is seeking to bring greater oversight by having a single person in charge, the people said. Ahmed Al-Rumaihi, a former Qatari diplomat in the U.S., will head the unit, they said.