National Leasing Holding Company (Alijarah) has recommended increasing the foreign ownership limit (FOL) to 49% against the present limit of 25%.
A recommendation to this effect will be submitted to the extraordinary general assembly for shareholders' approval, according to its regulatory filing with the Qatar Stock Exchange.
However, the filing did not specify the date of the meeting.
The move comes after many Qatar Petroleum subsidiaries and other non-hydrocarbon-related listed entities received nod from the shareholders to enhance the FOL to 49%.
In 2018, the Qatar Central Securities Depositary approved enhancing FOLs (to 49%) in Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Qatar Electricity and Water Company (QP subsidiaries), Qatar Islamic Bank, Barwa, Woqod, QNB and Qatari Investors Group.
Alijarah was established in 2003 as a Qatari shareholding company in accordance with Law No. 5 of 2002 of the Commercial Companies Law and the decision of the Ministry of Economy and Commerce No. 35 for 2003, issued on April 21, 2003.
However, the filing did not specify the date of the meeting.
The move comes after many Qatar Petroleum subsidiaries and other non-hydrocarbon-related listed entities received nod from the shareholders to enhance the FOL to 49%.
In 2018, the Qatar Central Securities Depositary approved enhancing FOLs (to 49%) in Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Qatar Electricity and Water Company (QP subsidiaries), Qatar Islamic Bank, Barwa, Woqod, QNB and Qatari Investors Group.
Alijarah was established in 2003 as a Qatari shareholding company in accordance with Law No. 5 of 2002 of the Commercial Companies Law and the decision of the Ministry of Economy and Commerce No. 35 for 2003, issued on April 21, 2003.
