FACTBOX-Qatar's investments in Britain: Barclays, Sainsbury's, Harrods and IAG

FACTBOX-Qatar's investments in Britain: Barclays, Sainsbury's, Harrods and IAG
Image Credit:
  • Country:
  • Qatar

The state-owned Qatar Airways has bought a $600 million stake in British Airways owner IAG to increase its holding to 25.1%, advancing its strategy of building a global portfolio of international carriers. Here are some of the wealthy Gulf state's other investments in Britain.

Barclays The Qatar Investment Authority (QIA), the state's sovereign wealth fund, owns a 5.9% stake in Barclays, making it the British bank's second-largest investor, according to Refinitiv data.

Sainsbury's The QIA owns a 21.8% stake in Britain's second-largest supermarket group, according to Refinitiv. The Qataris built up their stake during a failed bid attempt in 2007.

Harrods The QIA bought the famous London department store Harrods from Egyptian-born businessman Mohamed al-Fayed in 2010 in a deal reported to be worth around 1.5 billion pounds ($1.95 billion).

Heathrow Airport The QIA is part of a consortium that owns Britain's biggest airport, along with Ferrovial, China Investment Corp and others.

Canary Wharf A QIA-led consortium purchased the owner of London's Canary Wharf business district in 2015 for $4 billion.

The Shard The QIA also owns London's Shard skyscraper.

($1 = 0.7696 pounds)

Give Feedback

Use this form for editorial or site feedback. We usually reply within 2 to 3 working days.

By submitting, you agree that we may use your email address to respond.