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Qatar Investment Authority estimates $12bn Q4 loss

Qatar's sovereign state fund worth $250bn, which holds stakes in Royal Dutch Shell and Volkswagen, is likely to take a hit amidst stiff market conditions

Qatar Investment Authority is the Gulf state's sovereign wealth fund.
Qatar Investment Authority is the Gulf state's sovereign wealth fund.

Qatar Investment Authority (QIA), the Gulf state's sovereign wealth fund, could find itself facing losses worth $12bn in the last quarter of 2015.

Estimated to be worth $250bn, QIA owns stakes in some of the world’s largest corporates, including Royal Dutch Shell, Barclays and Volkswagen.

It has also invested heavily into property, acquiring prime real estate in cities such as London and Paris.

However, as Financial Times reported on 29 September, 2015, QIA is expected to see losses at eight of its top 10 holdings during the third quarter, with two days of that period still remaining.

The newspaper said the biggest loss could come from the fund’s stake in Germany’s Volkswagen, which is facing the fallout from a damaging emissions scandal.

According to Arabian Business, QIA, which is the third-largest stakeholder in the German manufacturer, is on track to see a paper loss of about $8.4bn.

QIA announced the opening of an office in New York, US, on Monday, 28 September, 2015, stating it plans to invest $35bn in the country over the next five years.  

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Construction Week - Issue 754
Nov 23, 2019