DUBAI Qatar's sovereign wealth fund is considering backing a share issue by British bank Barclays (BARC.L), which could raise more than 4 billion pounds ($7.81 billion) from investors, the Financial Times reported.
The Qatar Investment Authority (QIA), which has said it bought under 2 percent of Credit Suisse CSGN.VX this year, could help Barclays rebuild its capital reserves without a rights issue, the FT reported on Wednesday.
"We're looking at it," a person close to the QIA was quoted by the FT as saying.
QIA adviser John el-Khair declined to comment on the report when contacted by Reuters. The QIA manages assets worth about $60 billion, according to a study by Standard Chartered Plc.
Qatar is looking to spending between $10 billion and $15 billion over the next two years on bank stakes, Prime Minister Sheikh Hamad bin Jassim al-Thani told Reuters in February.
Singapore-based Temasek Holdings TEM.UL may also be considering an investment in Barclays, the Financial Times said.
(Reporting by Daliah Merzaban and John Irish; Editing by Quentin Bryar)