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.
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more