QIF seeks shareholders nod to invest in KSA
The Qatar Investment Fund (QIF) is seeking shareholder approval to invest in Saudi Arabia as the region offers "good investment opportunities at current levels." The fund's current investment policy accommodates investment in other GCC countries, but in order to invest in Saudi Arabia, the investment trust must receive shareholders' approval to use derivatives, as direct ownership of listed securities by foreign investors is illegal in Saudi Arabia. A vote for the proposal will take place at the annual general meeting on November 14.
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