Middle East Economic Survey

VOL. XLVII

No 49

6-December-2004

CAPITAL MARKETS

Foreigners To Own 25% Shares Of Qatari Companies

The Qatari Cabinet on 1 December approved a decision to give stock trading rights to foreigners. Proposed amendments to the law governing investment of foreign capital will permit foreigners and expatriates to trade the shares of Qatari companies listed on the Doha Securities Market (DSM) provided their ownership does not exceed 25% of the firms shares. The cabinet will ask...