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The sovereign wealth fund’s diversified influence is reflected in its recent investment in TechMet and its large stake in the Norwegian Government Pension Fund Global, the world’s largest sovereign fund.
Since the beginning of 2024, the Qatar Investment Authority (QIA) has increased its assets to $526 billion, an increase of $97 billion or 22.6% from the beginning of the year. Arabi Jadid The report cited data released by the Sovereign Wealth Fund Institute and published by CNBC Arabia.
Qatar Investment Authority is one of the world’s largest sovereign wealth funds, headquartered in the United States. Sovereign Wealth Fund Institute Ranked eighth by asset size.
Qatar National Wealth Fund has a wide coverage, both in terms of industry and geography.
Earlier this month, the Qatar Investment Authority pledged to invest in Dublin-based science and technology This would make Qatar’s sovereign wealth fund one of TechMet’s largest investors.
Qatar’s investment means the company’s valuation is now over $1 billion.
Also in August, Arabi It is reported that the world’s largest sovereign wealth fund, the Norwegian Government Pension Fund Global, with total assets of US$1.76 trillion, has invested in the Qatar Investment Authority.
Norway’s largest investment in Qatar is Qatar National Bank (QNB) holds $439 million, an estimated 1.18%.
QNB, which is backed by the Qatar Investment Authority and has operations in 28 countries across Asia, Africa and Europe, reported profits of $4.3 billion and total assets of $338.2 billion.
The Norwegian fund also invested $152 million in Industries Qatar and about $115 million in Qatar Gas Transit Co., also known as Nakilat.
The first half of 2024 marks 7% Net Profit The company reported profits of 829.145 million Qatari riyals (about 227.74 million U.S. dollars).
This financial performance was attributed to several initiatives, such as the signing of a long-term contract with Qatar Energy Company to lease and operate nine QC-Max LNG carriers, each with a capacity of 271,000 cubic meters.
Nakilat also reported a 4% drop in its total spending.
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