Qatar May Allow Foreigners to Fully Own Listed Companies
Filipe Pacheco and Simone Foxman, Bloomberg News
DOHA, QATAR - NOVEMBER 17: The Doha Skyline at sunrise on the fifth day of the 21st ANOC General Assembly at the Sheraton Grand Hotel on November 17, 2016 in Doha, Qatar. (Photo by Mark Runnacles/Getty Images for ANOC) Photographer: Mark Runnacles/Getty Images Europe
, Filipe Pacheco and Simone Foxman
(Bloomberg) --
Qatar may allow foreign investors to fully own listed companies, in a move that could trigger more than $1 billion of overseas inflows.
The cabinet approved a draft law that will allow overseas investors to own up to 100% of listed companies, according to the state-run Qatar News Agency. If the law is implemented, companies would have to individually approve the increased limit.