Qatar Central Securities Depository Provides New Services for QAMCO Listing

November 26, 2018

Qatar Central Securities Depository (QCSD) has announced that it has provided a number of electronic services as part of the ongoing preparations to list Qatar Aluminum Manufacturing Company (QAMCO). The aim is to allow the shareholders to inquire about the shares allocated to them, thereby saving time and energy.

The company said that it will provide electronic screens at the offices of financial services companies (brokerages) to inquire about the shareholders’ numbers (NIN) and shares allocated to them in the QAMCO offer, using their ID card numbers. The allocated shares will be available in the shareholders’ statement once they are listed. The electronic statement can be printed through the company’s electronic services portal and the shareholder can obtain a daily, weekly or monthly statement.

The company said that if a shareholder does not have a registered NIN number, a new shareholder’s number will be defined based on the information in the IPO application, and an SMS message will be sent to the shareholder. SMS messages will be sent to each shareholder whose shares are listed in QAMCO’s systems, as well as to update shareholders’ data by adding the IBAN according to the data in the QAMCO shareholder register.