Finance

Abu Dhabi Wealth Fund Weighs Paring Down Qatari Telco Stake

Skyscrapers of the Qatar Financial Centre (QFC) on the skyline in Doha, Qatar.

Photographer: Christopher Pike/Bloomberg

Abu Dhabi Investment Authority is considering paring back part of its stake in Qatari telecommunications company Ooredoo QPSC, according to people familiar with the matter.

The sovereign wealth fund is weighing a plan to raise between $500 million to $600 million with the sell-down, the people added, declining to be identified while discussing confidential information. ADIA holds a 10% stake worth around $1.26 billion in the Qatari firm.