Cabinet Nod to 100% Non-Qatari Ownership of Capital of Some Banks

Industry

HE the Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani chaired the Cabinet's regular meeting held at its seat at the Amiri Diwan, the Cabinet considered the topics on the agenda as follows:

The Cabinet approved a draft Cabinet resolution approving the non-Qatari investor's ownership of the capital of some banks, under the draft resolution, a non-Qatari investor may own up to 100 percent of the capital of the following banks:

• Qatar National Bank (QNB).

• Qatar Islamic Bank (QIB).

• Masraf Al Rayan.

• Commercial Bank.

Source: Government of Qatar