Cabinet approves decision to hike percentage of non-Qatari ownership in some banks

Tribune News Network

Doha

The Cabinet has approved the move to increase the percentage of non-Qatari investor ownership in the capital of some banks and joint stock companies listed on the Stock Exchange, based on the proposal of the Minister of Commerce and Industry.

 The Cabinet, chaired by Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, took the decision on Wednesday.

Under this decision, a non-Qatari investor may own up to 100 percent of the capital of the following banks and companies: 1- Qatar International Islamic Bank.

2- Doha Bank.

3- Medical Care Company.

4- Qatar Gas Transport Company Limited (Nakilat).

5- Qatar Fuel Company (Woqod).