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12-03-14

Qatar's Ezdan buys over 20 percent of IHG shares

(MENAFN) Qatar"s Ezdan Holding said that it has purchased over 20 percent of Islamic Holding Group (IHG) shares, The Peninsula Qatar reported. Chairman of Ezdan Holding Group said: "Acquiring such outstanding ratio of shares came as a result of a thorough study of the financial situations of many companies listed on the Qatari bourse." Ezdan Holding Group owns 605 million shares worth USD2.8 billion, representing 22.8 percent of IHG"s total 2.65 billion shares.