Qatar Investment Fund plc (LSE:QIF) commences share repurchases on January 5, 2018, under the program mandated by the shareholders in the Extraordinary General Meeting held on December 7, 2017. As per the mandate, the company is authorized to repurchase up to 10,273,471 shares, representing 10% of its issued share capital. The purpose of the buyback is to provide liquidity to the shareholders. The repurchased shares will be cancelled or held in treasury. The price will be an amount equal to a discount of 1% to Formula Asset Value as at the calculation date, calculated in accordance with paragraph 3 of Part III. The record date for the Tender Offer is November 14, 2017. The shares will be repurchased through a Tender Offer. Unless renewed, the authority hereby conferred shall expire on the earlier of the completion of the 2017 Tender Offer or one year from the date of passing of this resolution. The company had 102,734,713 shares in issue and 265,949 in its treasury. Richard Gray, Andrew Potts, Atholl Tweedie from Panmure Gordon acted as broker to the company.