Nakilat increases foreign ownership limit to 49%
Qatar Gas Transport Company (Nakilat), one of the largest liquefied natural gas shipping companies in the world, has announced that it is increasing its foreign ownership limit to 49%.
The move, announced following an extraordinary general meeting last week, increases the foreign ownership limit from the existing 25%.
Nakilat held an extraordinary general meeting (EGM) to agree upon the increase of its non-Qatari ownership limit, during which trading of the company’s shares were suspended.
The increase in the foreign ownership limit is among a number of amendments to the company’s Articles of Association, according to the Peninsula Qatar.
According to the decision, Qatari Governmental Institutions, Qatari non-for-profit organisations, Qatari Governmental Pension and Investments Funds can own a percentage of share capital up to five per cent of the total shares of the company, added the report.