United Development’s EGM agrees to raise cap on foreign ownership

By: Eslam Salem:

Doha – Mubasher: The extraordinary general meeting (EGM) of United Development Company agreed Tuesday on increasing the limit of foreign ownership of the company’s shares from 25% to 49%.

The EGM also approved amendments to the company’s statute to comply with the new commercial companies law no (11) of 2015.

Translated by: Elwy el-Manzalawy

MUBASHER Contribution Time: 18-May-2016 12:05 (GMT)
MUBASHER Last Update Time: 18-May-2016 12:05 (GMT)