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13 April 2024

Qatar's United Dev eyes more foreign share owners

By Agencies



Qatar's United Development Co said it was considering allowing non-Qatari investors to hold up to 49 per cent of its shares, up from 25 per cent now.

United Development's board would discuss the proposal at a meeting on January 21, it said in a statement on the Doha bourse website on Sunday.

The firm invests in infrastructure, property, construction and energy sectors. (Reuters)