Qatar Investment Authority has reportedly transferred over $30 billion worth of its domestic equity holdings to the finance ministry and may sell other assets as part of a restructuring drive, people familiar with the matter said. The stakes include major holdings in Ooredoo Q.S.C. (DSM:ORDS), Qatar National Bank S.A.Q. (DSM:QNBK) and Qatar Electricity and Water Company Q.S.C. (DSM:QEWS). "The assets were transferred so that the Ministry of Finance could oversee these holdings in a more active manner," one of the sources said.

The holdings transferred to the finance ministry include stakes in Qatar National Cement Company (Q.S.C.) (DSM:QNCD), Mannai Corporation Q.P.S.C. (DSM:MCCS), The Commercial Bank (P.S.Q.C.) (DSM:CBQK), Qatar International Islamic Bank (Q.S.C) (DSM:QIIK), Doha Bank Q.S.C. (DSM:DHBK), Qatar Industrial Manufacturing Company Q.P.S.C. (DSM:QIMD), Qatar Islamic Bank (Q.P.S.C.) (DSM:QIBK), Ahli Bank Q.S.C. (DSM:ABQK), Qatar Gas Transport Company Limited (Nakilat) Q.S.C. (DSM:QGTS), Qatar Investment Authority, Masraf Al Rayan (Q.P.S.C.) (DSM:MARK), Qatar Oman Investment Company Q.S.C. (DSM:QOIS), Al Khalij Commercial Bank (al khaliji) P.Q.S.C. (DSM:KCBK), Gulf International Services Q.S.C. (DSM:GISS), Al Meera Consumer Goods Company Q.S.C. (DSM:MERS) and Mayaza Qatar Real Estate. The second source said assets which the QIA might sell included Hassad Food Company, however, no decision has been made, the source stressed.