Hamad Bin Jasim Returns With $1.6bn Heritage Oil Takeover

After nearly a year outside the public eye, Qatar’s ousted PM, Shaikh Hamad bin Jasim Al Thani, has made a comeback. His family’s private investment vehicle, Al-Mirqab Capital is paying $1.55bn for Nigeria-focused Heritage Oil.

Shaikh Hamad bin Jasim was an extremely powerful figure in Qatar until Shaikh Tamim bin Hamad Al Thani took the reins from his father – Shaikh Hamad bin Khalifa Al Thani – as Amir in June 2013. After that point, Shaikh Hamad bin Jasim was stripped of his two ministerial portfolios and pushed out of his role as head of the Qatar Investment Authority (QIA) – the Gulf state’s $100-200bn sovereign wealth fund. Shaikh Hamad bin Jasim is credited with designing Qatar’s activist foreign policy as well as spearheading the development of an extensive portfolio of sovereign investments abroad. His vast personal wealth allows him to continue his role as a leading Qatari investor. (CONTINUED - 925 WORDS)