Wednesday 6 August 2014

UPDATE 1-Qatar emir issues law raising foreign ownership limits for stocks | Reuters

UPDATE 1-Qatar emir issues law raising foreign ownership limits for stocks | Reuters:



"Qatar's emir has issued a law providing for foreign investors to own up to 49 percent of listed Qatari companies, part of reforms to expand the stock market and develop the financial industry.



"The law stipulates that non-Qatari investors are allowed to own no more than 49 percent of the shares of Qatari shareholding companies listed on Qatar Exchange," the official Qatar News Agency (QNA) said on Wednesday.



Originally announced in late May, the law also lets foreigners own more than 49 percent of a firm in special cases if they obtain approval from the Qatari cabinet."



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