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RIYADH: The owner of Nusr-Et Steakhouse, Salt Bae, is in talks to sell a stake in Qatar’s $450 billion wealth fund, Bloomberg reported.
While D.ream Group, a food and beverage services company, may sell 20 percent of its stake to the Qatar Investment Authority for about $300 million.
The owner of D.ream Group, Ferit Dogus, is trying to raise cash and deliver on pledges it made to banks as part of a debt restructuring, according to Bloomberg.
In 2020, the company agreed to sell a 30 percent stake in a luxury mall in Istanbul to an arm of the Qatar Investment Authority.
Qatar Investment Authority cuts its stake in Credit Suisse
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