HE Sheikh Khalid bin Khalifa bin Abdulaziz Al-Thani, Prime Minister and Minister of the Interior, presided over the Cabinet's regular meeting, which approved raising the amount of non-Qatari ownership in major banks' capital to 100 percent.

The cabinet approved increasing non-Qatari ownership in the capital of the Qatar National Bank (QNB), Qatar Islamic Bank (Al Masraf), Commercial Bank, and Masraf Al Rayan to 100 percent at the Amiri Diwan meeting on Wednesday, in accordance with the provisions of Article 7 of Law No.1 of 2019 on regulating non-Qatari capital investment in economic activity.

The Cabinet approved increasing the percentage of non-Qatari ownership in the capital of QNB, Al Masraf, Commercial Bank and Masraf Al Rayan to reach 100 percent. #QNA

— Qatar News Agency (@QNAEnglish) August 18, 2021

HE Minister of Municipality and Environment and Acting Minister of State for Cabinet Affairs Abdullah bin Abdulaziz bin Turki Al Subaei issued the following statement:

At the outset of the meeting, the cabinet was briefed by HE Minister of Public Health on the latest developments in efforts to curb COVID-19. The Cabinet affirmed the continuation of work with the procedures and precautionary measures that have been taken in order to combat this pandemic.

Moreover, the following topics were discussed by the Cabinet as per the agenda.

Firstly, the Cabinet approved a draft law on lost property (al-luqtah) and unclaimed money. The draft law was created to control the procedures for dealing with lost property (al-luqtah) and unclaimed money in order to preserve rights and encourage those who locate lost property or money to hand it up and help return it to its rightful owners.

Secondly, the Cabinet approved increasing the percentage of non-Qatari ownership in the capital of the Qatar National Bank (QNB), Qatar Islamic Bank (Al Masraf), Commercial Bank and Masraf Al Rayan to reach 100 percent, in accordance with the provisions of Article 7 of Law No.1 of 2019 on regulating the investment of non-Qatari capital in economic activity.

Thirdly, the Cabinet approved Qatar Tourism's participation in a number of forums and exhibitions during 2021.

Furthermore, the Cabinet reviewed the two following issues and took the appropriate decision:

1. The results of participation in the eighth session of the SelectUSA Investment Summit.
2. The results of participation in the international Hannover Messe Fair.

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Cover Image Credit and Source: QNA