Qatar plans to raise Credit Suisse stake, joining Saudi National Bank

While the majority of the investment will be made through a 1.76 billion Swiss francs initial share placement, to be signed off at an extraordinary general meeting on November 23, the SNB will also take part in a 2.24 billion Swiss francs rights issue later in the year.

The SNB will be joined by two other investors in the share placement, including QIA, which already owns 5 per cent of Credit Suisse stock.

One person with knowledge of the deal…