Qatari royal takes over oil fund

- Central Banking Newsdesk
- 04 Dec 2014

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The emir of Qatar has replaced the current chief executive of the Qatar Investment Authority (QIA), the country's sovereign wealth fund (SWF), with a member of the royal family.

Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, a businessman and member of Qatar's ruling Al-Thani family, was picked to lead the QIA in a decision issued yesterday, according to the state-run Qatar News Agency.

The former chief executive, Ahmad Al-Sayed, lasted little more than a year in the role. He was appointed in

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