After a 54 percent rally since the investment was made Barclay’s $6.8 billion Stock is ready for Sell.

PCP Gulf Invest 1 Ltd., owned by the Abu Dhabi-based International Petroleum Investment Company, hired Credit Suisse Group AG to sell mandatory convertible notes.

Abu Dhabi became one of the bank’s biggest investors in October, when Barclays Chief Executive Officer John Varley tapped sovereign wealth funds in the Mideast to avoid a U.K. government bailout.

IPIC’s long-term investment strategy on hydrocarbon-related opportunities is the reason behind the decision to dispose of Barclays share.

IPIC bought a 9.1 percent stake in Daimler AG, the world’s second-biggest luxury carmaker, for 1.95 billion euros.

IPIC said that PCP Gulf Invest 2, considering selling its 14 percent step-up callable reserve capital instruments in Barclays.

IPIC also has stakes in EDP-Energias de Portugal SA, Portugal’s biggest electricity company, MAN AG’s Ferrostaal, a German oil-services company, and Austria’s OMV AG.