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The Commercial Bank of
Qatar Announces Sale of Treasury Shares Equivalent to 1.44% of the
Bank’s Total Shares
03 March 2020
Following the announcements made by
the Bank on 18 July 2019, 25 July 2019 and 02 February 2020, and after
the Commercial Bank of Qatar (“The Bank”) has obtained the approval of
Qatar Financial Markets Authority to sell treasury shares of 65,335,250
shares. The Commercial Bank
of Qatar confirms that as of 29 February 2020, the bank had sold
58,472,705 shares, equivalent to 1.44% of the bank’s shares. The
Commercial Bank will sell the rest of treasury shares according to the
regulatory controls and procedures pertaining to allowing companies to
purchase their shares issued by the Qatar Financial Markets Authority,
and the relevant approvals from the Qatar Financial Markets Authority.