Qatar emir says all listed firms to raise foreign ownership limit

Photo: Qatar emir says all listed firms to raise foreign ownership limit / Arab World

Qatar's emir has ordered all companies listed on the country's bourse to raise their foreign ownership limit to 49 percent, according to a bourse filing on Tuesday.

Foreign ownership is usually limited to 25 percent in publicly listed firms, although some have raised the ceiling above this level, Al Arabiya reported.

The changes will be implemented once individual companies amend their articles of association accordingly.

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