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Qatar considering increasing its stake in Deutsche Bank

Staff Writer |
Qatar is considering increasing its stake in Deutsche Bank, newspaper Handelsblatt reported.

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The Qatari royal family already holds a 6.1 percent stake in Deutsche Bank, according to Deutsche Bank's website. Qatar controls over 9 percent, once derivative positions are take into consideration, Handelsblatt said.

"We will invest in a large financial institution in Germany. This was discussed in the margins of the Doha Forum and will be announced shortly," Yousuf Mohamed Al-Jaida, CEO of the state-owned Qatar Financial Center, told Handelsblatt.

Al-Jaida did not want to name the company, but he confirmed that it was an institution in which Qatar was already involved, Handelsblatt reported.

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