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.