VOL. XLI

No. 22

1-June-1998

QATAR

Qatar Raises Authorized Capital Of QGPC To $5.5Bn

The Ruler of Qatar, Shaikh Hamad bin Khalifah Al Thani, issued a decree law on 17 Mayproviding for an increase in the authorized capital of the state-owned General PetroleumCorporation (QGPC) from QR5bn ($1.37bn at the current rate of exchange of $1=QR3.64) toQR20bn ($5.49bn) and its paid-up capital from QR4.32bn ($1.19bn) to QR5bn ($1.37bn). Theincrease in QGPC's capital has become essential to strengthen the...