Qatar emir says all listed firms to raise foreign ownership limit

All companies listed in Qatar have been ordered to increase their foreign ownership limit to 49%. (File photo: Shutterstock)

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.

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

Last Update: Wednesday, 20 May 2020 KSA 09:42 - GMT 06:42