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    SEC Form SCHEDULE 13D filed by Global Business Travel Group Inc.

    10/2/25 7:50:17 AM ET
    $GBTG
    Transportation Services
    Consumer Discretionary
    Get the next $GBTG alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    Global Business Travel Group, Inc.

    (Name of Issuer)


    Class A Common Stock, Par Value $0.0001 Per Share

    (Title of Class of Securities)


    37890B100

    (CUSIP Number)


    Qatar Investment Authority
    Ooredoo Tower (Building 14), Al Dafna St, 801 Al Dafna Zone 61
    Doha, S3, 23224
    0097444990696

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    09/09/2025

    (Date of Event Which Requires Filing of This Statement)


    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Checkbox not checked

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






    SCHEDULE 13D

    CUSIP No.
    37890B100


    1 Name of reporting person

    Qatar Investment Authority
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    OO
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    QATAR
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    87,659,000.00
    8Shared Voting Power

    0.00
    9Sole Dispositive Power

    87,659,000.00
    10Shared Dispositive Power

    0.00
    11Aggregate amount beneficially owned by each reporting person

    87,659,000.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    16.6 %
    14Type of Reporting Person (See Instructions)

    OO



    SCHEDULE 13D

    Item 1.Security and Issuer
    (a)Title of Class of Securities:

    Class A Common Stock, Par Value $0.0001 Per Share
    (b)Name of Issuer:

    Global Business Travel Group, Inc.
    (c)Address of Issuer's Principal Executive Offices:

    666 THIRD AVENUE, NEW YORK, NEW YORK , 10017.
    Item 2.Identity and Background
    (a)
    This Schedule 13D is filed by Qatar Investment Authority (QIA or the Reporting Person), the sovereign wealth fund of the State of Qatar, with respect to shares of Class A Common Stock held of record by QIA Retail Holding LLC, a Limited Liability Company formed under the laws of Qatar, and a wholly-owned subsidiary of the Reporting Person.
    (b)
    The address of the principal business and principal office of the Reporting Person is Ooredoo Tower (Building 14), Al Dafna Street (Street 801), Al Dafna (Zone 61), PO Box 23224 Doha, State of Qatar.
    (c)
    The address of the principal business and principal office of the Reporting Person is Ooredoo Tower (Building 14), Al Dafna Street (Street 801), Al Dafna (Zone 61), PO Box 23224 Doha, State of Qatar.
    (d)
    During the last five years, the Reporting Person has not been (i) convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
    (e)
    During the last five years, the Reporting Person has not been (i) convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
    (f)
    Qatar
    Item 3.Source and Amount of Funds or Other Consideration
     
    No shares were purchased or sold. The change in ownership percentage recorded in this filing is the result of a change in the total number of shares outstanding.
    Item 4.Purpose of Transaction
     
    No shares were purchased or sold. The change in ownership percentage recorded in this filing is the result of a change in the total number of shares outstanding.
    Item 5.Interest in Securities of the Issuer
    (a)
    The Reporting Person has sole voting and dispositive power over 87,659,000 Class A Common Stock, representing 16.6% of the outstanding Class A Common Stock
    (b)
    (i) Sole power to vote or direct the vote: 87,659,000 (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or direct the disposition: 87,659,000 (iv) Shared power to dispose or direct the disposition: 0
    (c)
    The Reporting Person has not effected any transactions in Class A Common Stock during the past sixty days.
    (d)
    To the best knowledge of the Reporting Person, no person other than the Reporting Person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Reporting Person.
    (e)
    Not applicable
    Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
     
    Not applicable
    Item 7.Material to be Filed as Exhibits.
     
    Not applicable

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    Qatar Investment Authority
     
    Signature:Mohammed Fahad Al Khulaifi
    Name/Title:Head of Compliance
    Date:10/02/2025
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