In The News

Oman – CMA Acquisition, Takeovers

On 23 May 2019, OMN CMA issued takeover and acquisition regulation. Issued administrative decision issuing the Takeover and Acquisition Regulation for public joint stock companies listed on the Muscat Securities Market (MSM). Published in Official Gazette on May 19 pursuant to Art. 7 of Capital Market Law. Key Points Regulation aims to regulate takeover and…
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Qatar – Exc Foreign Ownership Limit

On 14 May 2019, QAT Exc amended foreign ownership limit in two firms. Qatar Central Securities Depository modified the foreigners’ ownership limit of Qatar International Islamic Bank to be 49% of capital, which is equal to 74,170,687 shares. Qatar Central Securities Depository amended foreign ownership percentage of Qatar Islamic Insurance Group to become 49% of…
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