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Posted On: 18 August 2021 02:40 pm
Updated On: 18 August 2021 02:41 pm

Cabinet approves increase in non-Qatari ownership in capital of some Qatari banks

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Cabinet approves increase in non-Qatari ownership in the capital of some Qatari banks Shutterstock

His Excellency Prime Minister and Minister of Interior Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani chaired the cabinet meeting held by the Council this afternoon at its headquarters in the Amiri Diwan. After the meeting, His Excellency Dr. Abdullah bin Abdulaziz bin Turki Al Subaie, Minister of Municipality and Environment and Acting Minister of State for Cabinet Affairs, stated the following: At the beginning of the meeting, the Council listened to the explanation given by His Excellency the Minister of Public Health on the latest developments and developments to limit the spread of COVID-19. The Council affirmed the continuation of work with the measures and precautionary measures that have been taken in order to combat this epidemic.

After that, the Council of Ministers considered the topics on the agenda as follows:

First - Approval of a draft law on the drop and abandoned funds. The draft law has been prepared to regulate the procedures for dealing with the abandoned property, so that the law guarantees that rights are not lost and encourages the persons who have been seized to hand over the found objects and money, and contribute to returning them to their owners.
- Approval of increasing the percentage of non-Qatari ownership in the capital of each of the Qatar National Bank / QNB / Qatar Islamic Bank / Al Masraf / Commercial Bank and Masraf Al Rayan to reach 100%, in accordance with the provisions of Article 7 of Law No. 1 of 2019 regulating the investment of non-Qatari capital in economic activity.
- Approval of Qatar Tourism's participation in a number of forums and exhibitions during 2021.

Source: QNA