(MENAFN) Qatari Diar announced it has transferred its shares in Al Khaliji Commercial Bank to Qatar Investment Authority (QIA), Gulf Business reported.
Diar, which had been Al Khaliji's largest shareholders, moved 61.9 million shares in Qatar's sixth-largest bank to QIA, with the stocks having a worth of USD370.9 million currently in the market
Qatar Investment Fund, which is the country sovereign fund and is known to have several investments around the world, did not specify the reason behind the transfer of the stocks.
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