Qatar energy firms to raise foreign share ownership to 49% -QP | ZAWYA MENA Edition

Qatar energy firms to raise foreign share ownership to 49% -QP | ZAWYA MENA Edition:

"Foreign investors will be able to hold up to 49 percent of Qatar stock exchange-listed shares in three subsidiaries of Qatar Petroleum (QP) after limits on foreign ownership were lifted, the state-owned energy company said on Saturday.

In a statement, QP said shareholder ownership limits in the companies would also be raised, to 1 percent for Qatar Electricity and Water Company (WOQOD) and to 2 percent for Gulf International Services Company and Mesaieed Petrochemical Holding Company.

The three firms will take the steps needed to approve the increase in the foreign ownership limit to 49 percent within the coming weeks, the statement said.
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