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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 | 144.00 | 0.20 (0.13 |
| TAWUNIYA | 119.30 | -2.40 (-1.98 |
| RASAN | 118.60 | 0.60 (0.50 |
| ALRAJHITAKAFUL | 86.90 | 0.55 (0.63 |
| QATI | 1.93 | 0.00 (0.00 |
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Financial Information Co.
Saudi Arabia