HE Chief Executive Officer of Qatar Investment Authority (QIA) Mansoor Ebrahim Al Mahmoud said that the Amiri Decision No. 34 of 2023, restructuring the QIA, is a valuable opportunity to ensure the alignment of QIA’s governance system with the best international practices followed by sovereign wealth funds.
His Excellency said that the implementation of the decision would strengthen QIA’s position to ensure long-term value for future generations by consolidating investor confidence, enhancing cooperation with international partners and establishing sustainable investment practices.
The Amiri Decision confirms the vision, mission, tasks, role, basic responsibilities and strategic objectives of QIA as a sovereign wealth fund for future generations in the State of Qatar, Al Mahmoud said.
His Excellency added that the decision confirms commitment to support economic diversification, sustainable growth and long-term prosperity in the country.
The decision renews QIA’s commitment to a solid governance system that ensures proper supervision and effective management of its operations in line with international standards and practices observed by global sovereign wealth funds, which ensures adherence to transparency, accountability and sound financial management.
On May 16, the Amiri Decision No. 34 of 2023 was issued, restructuring QIA, and replacing Amiri Decision No. 22 of 2005, under which the QIA was established. (QNA)
Source: Qatar News Agency
