Foreign investors will be able to hold up to 49 percent of Qatar stock exchange-listed shares in three subsidiaries of Qatar Petroleum (QP) [QATPE.UL] after limits on foreign ownership were lifted, the state-owned energy company said on Saturday. In a statement, QP said shareholder ownership limits in the companies would also be raised, to 1 percent for Qatar Electricity and Water Company (WOQOD) and to 2 percent for Gulf International Services Company and Mesaieed Petrochemical Holding Company. The three firms will take the steps needed to approve the increase in the foreign ownership limit to 49 percent within the coming weeks, the statement said. “We believe this decision will give more strength to Qatar Stock Exchange, and will contribute to its development to be a leading regional financial center and an attractive financial destination to local and global investments,” QP president and CEO Saad Sherida Al-Kaabi […]