Declaration on QSE Listed Companies Shares ownership

 

February 20, 2017

 

Qatar Central Securities Depository (QCSD) called upon investors to comply with the provisions of Qatar Commercial Markets Authority (QFMA) Resolution No 1 of 2016 and Resolution No 1 of 2016 issued by Qatar Central Bank on ratios, terms and conditions of owning shares of companies listed in Qatar Stock Exchange (GSE). Investors must adhere to all conditions detailed in the aforementioned resolutions and disclose any excess ownership, whether directly or indirectly, within 30 days starting from today. Disclosure to be done by filling a special form and submitting it to Qatar Central Securities Depository supported by identification documents and sent to the following address:

 

C Ring Road – Financial Square Building – P.O. Box: 1234

 

Note that the abovementioned two resolutions and disclosure forms are available at QCSD website: www.qcsd.com.qa

 

Accordingly, investors who are in violation of excess ownership of listed companies’ shares should adjust their situation in accordance with the provisions of the two resolutions so as to avoid being exposed to sanctions stipulated in Qatar Financial Markets Authority Law No. (8/2012) or Qatar Central Bank Law No. (13/2012), as the case may be.