Qatar insurer denies Malaysia report

Qatar General Insurance and Reinsurance has denied a newspaper report it is heading a group that will invest at least $1.4 billion in Islamic finance, property and energy projects in Malaysia.

Malaysia's New Straits Times reported last week that Qatar General Insurance, Gulf Petroleum Ltd Qatar and investment and banking firms from Saudi Arabia, Kuwait, Bahrain and the United Arab Emirates would invest in the Southeast Asian state.

The newspaper quoted law firm Azmi Abdullah & Co, without saying whom Azmi Abdullah represented.

"Sheikh Nasser was in Malaysia on a visit to explore investment opportunities, but no actual agreements or plans have been made yet," Qatar General Insurance Financial Comptroller Ahmad Ibrahim told Reuters from the Qatari capital, Doha.

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