Qatar Investment Authority increased its stake in Credit Suisse Group to 6.87%

Qatar Investment Authority increased its stake in Credit Suisse Group to 6.87%

Qatar Investment Authority (QIA) increased its stake in the Swiss Credit Suisse Group to 6.87% from almost 5.6%.

After this agreement, QIA becomes the bank’s second-largest shareholder just after the Saudi National Bank after Credit Suisse issued new shares as part of a $4.3 billion capital raise it finalized in December last year.

The Saudi National Bank was one of the main anchor investors in Credit Suisse’s capital raise and now holds a nearly 10% stake in the bank, making it the top shareholder. 

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