CHAIRMAN: DR. KHALID BIN THANI AL THANI
EDITOR-IN-CHIEF: DR. KHALID MUBARAK AL-SHAFI

Business / Qatar Business

Cabinet approves draft law allowing non-Qataris to own 100% capital of listed Qatari companies

Published: 15 Apr 2021 - 01:31 pm | Last Updated: 01 Nov 2021 - 11:52 am
Peninsula

QNA

Doha: The Prime Minister and Minister of Interior H E Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the regular Cabinet meeting yesterday through video conferencing.

The Cabinet approved a draft law amending some provisions of Law No. (1) of 2019 regulating the investment of non-Qatari capital in economic activity.

The draft law includes the amendment of Article 7 of the law so that non-Qatari investors can own up to 100% of the capital of Qatari shareholding companies listed on the Qatar Stock Exchange.

The Cabinet approved draft decision of the Minister of Finance to apply the requirements of substantial activity to the economic activities practiced in the State of Qatar.