CEO of the Qatar Investment Authority Abdullah Bin Mohammed Bin Saud Al Thani speaks at the Qatar UK Business and Investment Forum in London, Britain March 27, 2017 (REUTERS/Neil Hall)
LONDON: Qatar is "absolutely" confident in its investment in majority state-owned Russian oil company Rosneft, the head of Qatar's sovereign wealth fund said on Monday, speaking to Reuters on the sidelines of an investment conference in London.
Qatar Investment Authority and commodities trader Glencore paid $10.8 billion for a 19.5 percent stake in Rosneft last year.
Asked if he was confident about the investment, Sheikh Abdullah bin Mohamed bin Saud al-Thani, chief executive of the QIA, said: "Absolutely, no doubt."
QIA, which has a major stake in the London Stock Exchange, (LSE) will continue to support the London exchange whether or not merger talks with Deutsche Boerse go ahead, its CEO said in London on
Monday.
"We are still waiting for the legals and regulators to answer back on the merger and we are very supportive. We will continue supporting the London exchange in whatever manner we can, whether Deutsche Boerse merger goes ahead or not," Al Thani told reporters on the sidelines of an investment forum in London.
The European Commission will shortly veto the proposed merger, four sources close to the matter said last week, scuppering plans to create Europe's biggest exchange.
Al-Thani also said Qatar had invested 60 percent of 35 billion dollars it pledged to invest in the United States in 2015.
