Amiri decision further aligns QIA with international best practices: Qatar Investment Authority

The latest Amiri decision reorganising Qatar Investment Authority (QIA) further aligns QIA with international best practices, the authority said on Monday.
On May 16, His Highness the Amir, Sheikh Tamim bin Hamad al- Thani, issued Amiri Decision No 34 of 2023, reorganising QIA. It replaces the Amiri Decision No 22 of 2005 that established QIA.
QIA in a statement yesterday said: “The Amiri decision highlights QIA’s mandate and its primary roles and responsibilities as a sovereign wealth fund for the future generations of Qatar. The decision outlines QIA's strategic objectives and underscores its commitment to supporting Qatar's economic diversification, sustainable growth, and long-term prosperity.
“The decision confirms an enhanced governance framework for QIA, enabling effective oversight and management of its operations. This framework aligns QIA with globally accepted standards for sovereign wealth funds, ensuring transparency, accountability, and prudent financial stewardship.”
Commenting on the significance of the Amiri decision, QIA chief executive officer Mansoor Ebrahim al-Mahmoud said: “We have taken this opportunity to ensure that our governance framework further aligns with international best practices observed by sovereign wealth funds.
“The implementation of the decision will further strengthen QIA's position to create long-term value for future generations by boosting investor confidence, enhancing cooperation with international partners, and promoting sustainable investment practices.”