Qatar's sovereign wealth fund on Monday said it would invest over $1 billion in international and regional capital funds as part of a strategy to develop the venture capital and start-up sector in the gas-rich Gulf state and neighbouring states. Qatar Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani announced the launch of the fund, which Qatar Investment Authority (QIA) said in a statement would only invest in venture capital funds. The so-called venture capital "Fund of Funds" would aim to yield market level commercial returns for the sovereign wealth fund in addition to developing Qatar's venture capital sector.
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Private equity firm CVC Capital Partners has closed its largest Asia fund to date, shrugging off a challenging macroeconomic environment that has put a dent in fundraising and led many global fund managers to cut their exposure to the region.
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Saudi Aramco is poised to issue bonds this year with tenures of 15 to 50 years in a bid to optimise its capital structure, Ziad Al-Murshed, the company’s CFO, said at the Saudi Capital Market Forum in Riyadh on Monday.