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FINANCIAL NEWS
Qatar sovereign wealth fund ups stake in Iberdrola
25 Feb 2012
(MENAFN) Qatar has increased its stake in Spanish electricity supplier Iberdrola to 8.4 percent for USD3 billion, Bloomberg reported.
Qatar Investment Authority (QIA), the emirate’s sovereign wealth fund, is now the second largest shareholder in the utility copany after the Spanish construction company Actividades de Construccion & Servicios, which holds about 19 percent, according to Iberdrola’s annual corporate governance report covering 2011 activities.
QIA first acquired 6.2 percent holding in March and acquired the additional shares in a year Iberdrola fell 16 percent, the worst market performance since 2008, as the global economic slowdown damped demand for power and Spain slipped toward a second recession in four years.
Iberdrola, Spain’s largest power company and the world’s biggest owner of wind farms, said it may miss a 2012 profit target.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
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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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