Economy

Title: Qatar Sells Shares in Barclays

Title: Qatar Sells Shares in Barclays

A bank participating in Qatar Holdings' share sale in Barclays mentioned today, Monday, that "the company is looking to sell shares worth approximately £510 million ($643.72 million)." The shares are offered at a price range between 141 and 142.98 pence per share, or at a discount of up to 1.4% from Barclays' closing share price today. Qatar became the largest shareholder in Barclays during the financial crisis when it injected £4 billion to rescue the British bank. The share sale comes at a time when Barclays is trying to raise its share price, which has fallen by nearly ten percent since the beginning of the year.

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