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Qatar Ups ‘Efforts’ to Raise Foreign Caps Before MSCI Decision

Qatar said it’s making “extensive efforts” to raise foreign ownership limits of companies on its bourse, a week before MSCI Inc. decides whether to upgrade the nation to emerging market status.

The foreign ownership caps of “several large listed companies is at or close to 25 percent of their market capitalization,” the Qatar Exchange cited Yousef Hussain Kamal, the Persian Gulf nation’s finance minister, as saying in an e-mailed statement today. “Several companies have actually exceeded this percentage.” Most companies in Qatar limit overseas holdings at 25 percent.