VOL. XL

No. 22

2-June-1997

QATAR

Qatar Buys Japanese Companies Stake In QASCOFor $165Mn

The Qatari Government has acquired the equity interests of the two Japanesefirms - Kobe Steel and Tokyo Boeki - in the Qatar Steel Company (QASCO) and became the sole owner ofthe firm retroactively to 20 January in accordance with an Amiri Decree issued on 24 May.The decree officially transformed the company into a wholly-owned government entity, andreplaced the 1974 decree which incorporated QASCO as a joint...