Middle Eastern Investors May Own A Fourth In Credit Suisse, As Qatar Investment Mulls Raising Stake

The Qatar Investment Authority (QIA) may increase its stake in Credit Suisse Group Inc CS by investing in a share sale alongside Saudi National Bank.
Saudi National Bank will be joined by two other investors in the share placement, including QIA, which already owns 5% of Credit Suisse stock.
Credit Suisse’s largest investor, Harris Associates, will not take part in the share placement but is expected to buy more stock as part of the rights issue, Financial Times reported citing people with knowledge of the deal.
Related: Credit Suisse Outlines Details On $4B Capital Raise Plan.
Olayan Group, an investment company, owned by a wealthy Saudi family, is also not expected to take part in the share placement but would retain its stake of about 5% in Credit Suisse by participating in the rights issue.
After the share sales, Saudi National Bank, QIA, and Olayan will own between 20%-25% of Credit Suisse. Saudi National Bank is keeping its stake at less than 10% to avoid complications with the Swiss regulator.
Price Action: CS shares are down 0.24% at $4.15 during the premarket session on the last check Wednesday.