(MENAFN- Gulf Times) Al Faleh Educational Holding is contemplating increasing the foreign ownership limit to 100% as part of efforts to attract additional investment, enhance market liquidity, and broaden the shareholder base.
In this regard, Al Faleh Educational Holding will convene the extraordinary general assembly to obtain shareholders' nod, following which the company will proceed to complete the necessary approvals from the relevant regulatory authorities and the Council of Ministers.
"The board of directors has resolved to recommend to the extraordinary general Alassembly an amendment to Article (21) of the company's Articles of Association," it said in a regulatory filing with the Qatar Stock Exchange.
The proposed amendment seeks to raise the maximum permitted foreign ownership limit from 49% to 100% of the company's share capital.
The company's issued and paid-up capital is QR240mn, divided into 240mn ordinary shares, the nominal value of each share being QR1.
Qatar's legal framework enables 100% foreign ownership across multiple sectors, reflecting Doha's 's commitment to fostering a welcoming and competitive business environment.

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