TRANSLATION - FOR REFERENCE ONLY -
June, 23, 2023
KOKUSAI ELECTRIC CORPORATION
DOHA, Tokyo, 22 June 2023: The Qatar Investment Authority (“QIA”), the sovereign wealth fund of the State of Qatar, today announced that it has taken a minority stake in KOKUSAI ELECTRIC CORPORATION through its subsidiary company, company, Qatar Holding LLC.
The investment aligns with QIA’s efforts to partner with diverse businesses at the forefront of innovation and we expect QIA to support our management in the long-term.
“QIA is excited to be partnering with the KOKUSAI management team in Japan. We are confident that KOKUSAI’s innovative technology and proven products position the company for long-term success across the sector. This investment is aligned with QIA’s strategy of supporting innovative companies shaping the future of the global economy”, said Faisal Al-Thani, Chief Investment Officer for Asia Pacific & Africa at QIA.
QIA has acquired the shares in KOKUSAI from global investment firm Kohlberg Kravis Roberts & Co. L.P..