FOR IMMEDIATE RELEASE
July 17, 2018
WEBSITE RELEASES DATA ON 500 COMPANIES LINKED TO QATARI ROYAL FAMILY & STATE SOVEREIGN WEALTH FUND
The data set features entities linked to controversial bank investments, luxury properties in Europe, a Russian state-owned oil conglomerate and a 133-meter mega yacht
Los Angeles, CA: The research website, DE-Tenants.org, a project of Operating Engineers, Local 501, today released data and primary records on over 500 companies from over 40 international jurisdictions linked to Qatar’s ruling Al Thani family and the nation’s sovereign wealth fund, the Qatar Investment Authority (QIA). An accompanying data table for the records details assets and holdings for many of the entities.
The QIA’s current joint venture with Los Angeles-based commercial real estate owner Douglas Emmett, Inc. (NYSE: DEI) has prompted Local 501’s research into the corporate holdings of the Qatari fund and its ruling elites.
Among the entities featured in this growing asset list are more than 30 offshore companies featuring Al Thani officers or principals extracted from the widely publicized Panama Papers and Paradise Papers.
The data set also highlights Qatari-backed firms that made investments in major banks in Iceland, Great Britain and Germany. Other assets identified in the data set include trusts worth £100m based in the offshore tax haven of Jersey and controlled by a Qatari royal
Companies from the DE-Tenants.org list lead to high-end hotels in Europe worth U.S. billions and luxury properties in London, Paris and Cannes controlled by Qatar’s royal family. Al Thani family members have held controlling interests in one of Nigeria’s largest oil producers, while the QIA has held minority stakes in casinos on the French Riviera. Additionally, QIA entities linked to a large ownership bloc in Russia’s state-owned Rosneft oil conglomerate are identified in the list.
DE-Tenants.org is continuing to accumulate research on Qatari assets and will post updates periodically.
DE-Tenants.org is a project of Operating Engineers, Local 501, which is researching the global holdings of Qatar’s sovereign wealth fund, the Qatar Investment Authority (QIA), and Qatar’s Al Thani ruling family. The QIA has a multi-billion-dollar joint venture with the Los Angeles-based company Douglas Emmett, Inc. Local 501 currently has a labor dispute with Douglas Emmett.