Medicare Increases Share-Holding Limit to 25%

Doha, April 20 (QNA) - Medicare Group general assembly as approved its board's recommendation to increase the share-holding limit from 10% to 25% of the company's total value of paid up shares. The maximum limit of share-holding by a non-Qatari individual or corporation will not be more than 49% of companys total paid up shares. This decision among others were taken at the company's extraordinary general assembly meeting here yesterday. The assembly also approved the board of directors' recommendation to amend Medicare Group's Article of Association to conform to the new corporate law No. 11/2015 according to the guideline issued by the Ministry of Economy and Commerce. (QNA)