As per law qatari national has to hold atleast 51% of shares of every company . in most of the cases they are for only name sake. They will get a monthly/yearly amount for their signature. All the investments and business is being done by the other partners/share holders. I assume in this case, Company got doomed, Foreign partner washed his hands. Sponsor of the company left with a huge debt..and an innocent fellow trapped in the case.
As per law qatari national has to hold atleast 51% of shares of every company . in most of the cases they are for only name sake. They will get a monthly/yearly amount for their signature. All the investments and business is being done by the other partners/share holders. I assume in this case, Company got doomed, Foreign partner washed his hands. Sponsor of the company left with a huge debt..and an innocent fellow trapped in the case.