Qatar to list $12 bln firm with assets from wealth fund

Qatar will create a new $12 billion investment firm, backed by blue-chip assets from its sovereign wealth fund, and list it on the local stock exchange, its main institutional backer said on Tuesday.

Qatar Holding - the investment arm of the Qatari sovereign fund - said the new firm will invest in assets around the world.

"You name it - shares, bonds, real estate, private equity. We will look at every sector in every country around the world," Hussain al-Abdullah, Qatar Holding's vice-chairman, said at a news conference.

Qatar Holding, believed to have assets in excess of $100 billion, has been the most active of the region's sovereign wealth funds in recent years, deploying the Gulf nation's riches from plentiful natural gas to buy stakes in companies ranging from German sports car maker Porsche to British bank Barclays and Swiss lender Credit Suisse.

Read more: http://www.reuters.com/article/2013/02/19/qatar-investmentfirm-idUSL6N0BJ6S820130219