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FINANCIAL NEWS
QIF seeking shareholders’ approval to invest in Saudi Arabia
20 Oct 2012
(MENAFN) The Qatar Investment Fund (QIF) unveiled plans to invest in new business opportunities in Saudi Arabia, Saudi Gazette reported.
QIF is seeking shareholders’ approval to use derivatives for investment there, as direct ownership of listed securities by foreign investors is illegal in Saudi Arabia.
The derivatives will only be used in the Saudi market, and more than one counterparty will be appointed to minimize risk.
A vote for the proposal will take place at the annual general meeting on Nov. 14 at the same time as a continuation vote.
The fund’s current investment policy accommodates investment in other Gulf Cooperation Council countries, which it has used to invest in Oman.
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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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