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Qatar Holding

Carmaking dynasty tightens grip on the wheel of Porsche

June 18, 2013

The Piech and Porsche families, descendents of the founders of the eponymous carmaker, have reasserted their control over Porsche's holding company.

On 17 June the families reached an agreement with Qatar Holding – the investment division of Qatar's sovereign wealth fund – to buyback the 10% voting stake in Porsche SE that was sold in 2009. The value of the transaction has not been disclosed.

Qatari royal family buys iconic London department store

May 10, 2010

Qatar Holding, the investment arm of the Qatari royal family, has purchased London department store Harrods from its billionaire owner Mohamed Al Fayed.

Qatar Holding, the investment arm of the Qatari royal family, has purchased London department store Harrods from its billionaire owner Mohamed Al Fayed.

Al Fayed's advisors Lazard International made the announcement in a statement released on Saturday. "The Al Fayed family trust, owners of Harrods, announce that they have today sold the Harrods Group to Qatar Holding," it said.