Qatar is in talks with individual firms to raise foreign ownership limits yet is not planning a blanket increase despite a requirement by index complier MSCI, a Doha bourse official told Reuters.
MSCI has extended a review on whether to upgrade Qatar and the UAE to emerging market status to December, warning Qatar's 25 percent foreign ownership limit would disqualify the gas exporter.
"We will continue to talk to individual companies to convince them to raise their limits and will continue discussions with the relevant ministries for an across-the-board raising," a Qatar Exchange official, who declined to be identified, told Reuters on Wednesday.
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