QFMA Approves
Not To Suspend Stock Trading On AGM Day as of Next Year
July 25, 2017
Qatar Financial Markets
Authority (QFMA) has approved a proposal not to suspend trading
on the shares of the companies listed on the Qatar Stock
Exchange on AGM days as of January 1st, 2018.
The QFMA approval included
a set of procedures to be followed in implementing the decision
in terms of identifying the shareholders eligible to attend the
general assembly meeting and the shareholders entitled to bonus
shares as well as the date of payment. The procedures indicated
that an investor shall be considered a shareholder from the date
of purchase without waiting for the settlement period, whereas
the selling shareholder has no right to attend the meeting or
receive cash dividends and bonus shares if they make the sale
before the AGM day without waiting for the settlement period.
The Qatar Stock Exchange is
pleased to inform investors and interested parties that it will
provide further clarifications to investors through brokers and
media outlets on the various aspects related to the
implementation of the above decision.
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