Mubasher: National Leasing Holding Company (Alijarah) on Sunday announced that its board has recommended increasing the foreign ownership limit in the company's capital to 49% from 25%.
The recommendation will be submitted to the extraordinary general assembly for approval, according to the company’s statement to the Qatar Stock Exchange (QSE).
In March, Rashid Al Mansoori, CEO of the Qatar Stock Exchange (QSE), urged all QSE-listed firms to increase non-Qatari share ownership to 49% in a bid to enhance foreign investment in the Qatari market.
It is worth noting that Alijarah posted profits of QAR 4.32 million in the third quarter of 2018, against losses of QAR 20.21 million in the same period of 2017.
By 11:35 am Qatar time, Alijarah’s stock rose 2.64% at QAR 8.88.
