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23/04/2015 00:36 AST
Foreign shareholders can now hold up to 49% in Qatar General and Reinsurance Company.
The Qatar Central Securities Depository (QCSD) has amended the foreign ownership limit (FOL) in the shares of the insurer to 49% of capital, as at the end of yesterday's trading session, a spokesman of the Qatar Stock Exchange said, confirming the development.
The QCSD explained that this amendment comes in implementation of Law No 9, which allows foreign investors to own a percentage not more than 49% of each company listed on the domestic bourse.
The law also provides for the treatment of the Gulf Cooperation Council (GCC) citizens as Qataris in terms of owning the shares of the listed companies.
This move comes after Qatar Insurance and Reinsurance Company received an approval from its general assembly to amend the articles of association in line with the law provisions, and following the approval of the Ministry of Economy and Commerce on the amendment.
QCSD had earlier amended the FOL up to 49% in Doha Bank and Commercial Bank.
Many listed companies, it is learnt, are in the process of enhancing the FOL in view of the upgrade by MSCI and Standard and Poor's-Dow Jones.
Gulf Times
15/03/2018
Qatar General Insurance and Reinsurance Company (QGIRCO), which is developing a huge real estate project in Algeria, is expecting it to be completed by the end of this year.
QGIRCO, with di
The Peninsula
13/03/2018
The ordinary and extraordinary general assembly meetings of Qatar General Insurance & Reinsurance Company (QGIRCO) were held at the Marriott Hotel in Doha yesterday. Qatar General Insurance & Reinsur
Gulf Times
19/04/2015
The Board of Directors of Qatar General Insurance and Reinsurance Co has agreed in their meeting held on April18, 2015 the Terms Sheet proposed by Qatar National Bank for funding Mozoon Real Estate a
Qatar Exchange
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| BUPAARABIA | 172.60 | 0.60 (0.34 |
| TAWUNIYA | 148.20 | 1.00 (0.67 |
| ALRAJHITAKAFUL | 151.20 | -2.80 (-1.82 |
| QATI | 1.96 | 0.01 (0.51 |
| RASAN | 79.00 | 7.10 (9.87 |
13/03/2025
Asyad Shipping Company, one of the world's largest diversified maritime providers and a global leader in deep-sea transportation, successfully listed on the Muscat Stock Exchange (MSX) on Wednesday f
Muscat Daily
13/03/2025
Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha Ocean Shipyard in South Korea.
These vessel
Trade Arabia
12/03/2025
Oman's Ministry of Energy and Minerals has entered into an Exploration and Production Sharing Agreement (EPSA) with OQ Exploration and Production (OQEP) and Genel Energy to develop Concession Block 5
Muscat Daily
11/03/2025
For the third consecutive year, Gulf Bank successfully organized an exhilarating fitness challenge at Lose Gain, a specialized group training gym. The event combined high-energy workouts with friendl
Khaleej Times
11/03/2025
Oman Telecommunications Company (Omantel) Group has reported significant growth in its financial results for the year 2024. The group's revenue (including Zain Group's operations) increased by 3%, fr
Muscat Daily
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