Qatar sovereign wealth fund buys Credit Suisse's London office building
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Mon February 20, 2012 9:25 am

QATAR. Qatar Investment Authority, the country’s sovereign wealth fund, completed the purchase of Credit Suisse Group AG (CSGN)’s headquarters in London.

The building in One Cabot Square in Canary Wharf will be leased back to Credit Suisse under an agreement that runs until 2034, the fund said in a statement on its website. It didn’t provide a value for the transaction.

Qatar Investment Authority may have offered to buy the Swiss bank’s property in a deal valued at about 330 million- pound (US$519 million), the Sunday Telegraph reported on January 29, without citing anyone.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: December 10, 2016
UAE. Fintech innovations could add 150 million new Islamic banking customers by 2021, says EY; The GCC region's share of participation banking increased to 72%; Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets.
date:Posted: December 9, 2016
UAE. New research from Bain & Company and Red Hat indicates that many traditional companies are at an early stage in their digital journey; leaders stand out based on their use of advanced technologies, such as cloud computing, advanced analytics and modern app development.
date:Posted: December 9, 2016
UAE. Insurers have been prompted to prepare for the effects that VAT and changes to international financial reporting standards (IFRS) will have on their industry as well as assessing the impact of new insurance regulations that came into effect earlier this year.
UAE. Fintech innovations could add 150 million new Islamic banking customers by 2021, says EY; The GCC region's share of participation banking increased to 72%; Saudi Arabia, the UAE and Malaysia are the three largest participation banking markets, in terms of assets.
dhgate