What iconic London institution was sold to the Qatar Investment Authority (Qatar's sovereign wealth fund) in May 2010?
Qatar Investment Authority investment privileges to Qatar and its state-owned enterprises; one example is capital gains exemptions in France. The QIA is also reported to hold part of Xstrata. On 8 May 2010, Qatar Holding, an indirect subsidiary of QIA, purchased the Harrods Group from Mohamed Al-Fayed, including the Knightsbridge department store. QIA are also the largest shareholder in Sainsbury's. On 3 December 2010, Qatar Investment Authority, along with Colony Capital and Tutor-Saliba Corporation, was part of an investment group known as Filmyard Holdings, which purchased Miramax from Disney. In February 2012, it completed the acquisition of Credit Suisse's headquarters in London. QIA
Qatar Investment Authority Qatar Investment Authority The Qatar Investment Authority () (QIA) is Qatar's state-owned holding company that can be characterized as a National Wealth Fund. It specializes in domestic and foreign investment. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. The fund is a member of the International Forum of Sovereign Wealth Funds, and is therefore a signatory of the Santiago Principles on best practice in managing sovereign wealth funds. The QIA was founded in 2005 by the then-emir of Qatar Hamad bin Khalifa Al Thani to manage