Qatari Cabinet Holds Regular Meeting

Doha, June 25 (QNA) -HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani presided over the regular meeting of the Cabinet, held at noon today at its seat at the Emiri Diwan.

Following the meeting, HE the Deputy Prime Minister and Minister of State for Cabinet Affairs Ahmed bin Abdullah Al Mahmoud said that the
Cabinet considered the topics on the agenda as follows:
First – Taking the necessary measures to issue the following draft laws based on the recommendations of the Advisory (SHURA) Council including:
1 – A draft law amending some provisions of Law No. (13) of 2000 on regulation of Non-Qatari capital investment in the economic activity.

According to this amendment Non-Qataris investors may have a ratio of not more than (49%) of the capital of sharing companies listed on the Qatar Exchange, after the approval of the Ministry of Economy and Trade on the ratio proposed in the memorandum of association and articles of association.

Non-Qataris investors may have a ratio of more than the percentage referred to, with the approval of the Cabinet upon the proposal of the Minister of Economy and Trade. The citizens of the Gulf Cooperation Council (GCC) will be treated like Qatari nationals in owning shares of companies listed on the Qatar Exchange .(MORE)

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