Qatar changes percentage of foreign ownership in banks



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Qatar changes percentage of foreign ownership in banks

Reuters

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Today, Wednesday, the Qatari cabinet approved an increase in the percentage of non-Qatari ownership in the capital of a number of banks in Qatar.

The board of directors decided to increase the percentage of non-Qatari ownership in the capital of each of the Qatar National Bank, Qatar Islamic Bank, Commercial Bank and Masraf Al Rayan groups to reach 100%.

The decision was based on the provisions of Article (7) of Law No. (1) of 2019 regulating the investment of non-Qatari capital in economic activity.

Source: Qatar News Agency



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