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FINANCIAL NEWS
Qatar eyes to become top investor in Shell: MEES
08 Sep 2012
(MENAFN) Qatar Investment Authority (QIA) is eyeing to increase its stake in Royal Dutch Shell to 7 percent to invest its wealth in more European assets, according to a report by the Middle East Economic Survey (MEES).
MEES said that the gulf sovereign wealth fund was looking to raise its stake from below 3 percent, which would make it the biggest shareholder, above Blackrock’s 5 percent.
Shell declined to comment on the report.
In May, MEES reported that Qatar was looking to buy 3-5 percent of Shell.
QIA has been is an aggressive buyout drive in recent years, deploying profit from its natural gas riches into assets ranging from German sportscar maker Porsche to UK’s department luxury store Harods.
QIA has bought stakes in French oil major Total and European utilities Energias de Portugal and Iberdrola.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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