Ownerships and Affiliates
Qatar Investment Authority (QIA) – the State of Qatar’s sovereign wealth fund, specializing in domestic and foreign investment. QIA was founded in 2005 to manage the oil and natural gas surplus income of the Qatar government. For diversification purposes, the QIA predominantly invests in international markets (United States, Europe and Asia-Pacific) and within Qatar , but outside the energy sector. QIA is estimated to hold in excess of $60 billion of assets, an amount that will significantly increase by 2011 as the state completes its expansion projects to become the world's largest LNG exporter with 77 million tons output in annual capacity. QIA investments include Miramax Films, Harrods, Sainsbury, Volkswagen and the London Stock Exchange.
Qatar Diar Real Estate Investment Company (QD) – supports Qatar’s rapidly expanding economy and to provide structure and quality control for the country’s real estate development priorities. Capitalized at US$1 billion and launched in December 2004, QD currently has more than 35 active projects in more than 20 countries underway. Qatar projects include the Doha Exhibition Centre & Tower, Qatar Railways Project, Lusail City, Ras Al Khor City and the Friendship Bridge (Bahrain Causeway).
Barwa Group – Barwa is the largest listed real estate company in Qatar in terms of real estate developments, and has a total asset capitalization of approximately USD 20 billion. In 2010 turnover of its shares represented almost 12% of total turnover of shares listed by the Qatar Exchange. Since starting in 2004, Barwa has grown its business into over 40 investments in 5 segments: domestic (Qatar) real estate, international real estate, business services, infrastructural services and financial services. While the group's main activities are in Qatar, it also has investments and operations in 13 other countries regionally and internationally.
Barwa Bank – founded in 2007, Barwa Bank is one of only four Islamic banks to be licensed and regulated by the Qatar Central Bank (QCB). Barwa Bank provides a full range of Shari’ah compliant banking services including retail, corporate and commercial banking, business banking, private banking, real estate finance, structured finance, investments and asset management . Barwa Bank acquired in 2009, 100% of The First Investor Q.S.C. (TFI), the largest closed shareholding Qatari investment banking firm in Qatar . In July 2010, Barwa Bank acquired 100% of both the First Finance Company (FFC) and First Leasing Company (FLC). The combined Barwa Bank Group provides universal banking capabilities to its customer base.
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