Doha-Mubasher: Qatar Gas Transport Company (Nakilat) said Tuesday its shareholder meeting gave the go-ahead to fix the amount of issued and underwritten capital at QAR 5.54 billion, divided on 554.03 million shares at QAR 10 par value each.

During their extraordinary general meeting, shareholders approved some amendments to the articles of association so as to put the capital revision into effect, according to a bourse filing on Tuesday.

All the underwriters in the capital increase as well as the shareholders will be Qataris, but the board could give permission to non-Qataris to purchase and trade a percentage of shares not exceeding 49% of Nakilat’s total shares, according to the recent amendments.

Qatari governmental institutions, non-for-profit organizations, governmental pension and investment funds can own up to 5% of the total shares.