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Barclays looks to Middle East to shore up its balance sheet Barclays looks to Middle East to shore up its balance sheet



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Old 10-31-2008, 04:06 PM
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Post Barclays looks to Middle East to shore up its balance sheet
Barclays has declined financial assistance from the UK Government and is instead looking to raise £7.3 billion, primarily from Middle East investors. The bank has secured a £5.8 billion cash injection from investors in Qatar and Abu Dhabi, and once the deal is finalised, the Middle Eastern investors will hold a 32% stake in Barclays. Sheikh [...]

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