10-01-2021
The Qatar Stock Exchange announced that it was decided to accept the shares of "QLM" for trading in the market as of Wednesday, 13 January, 2021, after completing all the necessary technical and administrative procedures, thus raising the number of companies listed on the stock exchange to 48 joint stock companies.
An official source at the Stock Exchange said that the shares of "QLM" will be listed with the symbol "QLMI" in the insurance sector, and that the company's share price will float on the day of the first listing, while starting from the second day, the price will be allowed to fluctuate by 10% up and down like other companies listed on the market.
He explained that there will be no change in the date of the trading session on the listing day, except for the pre-open period of the company only, as brokerage firms will be allowed to enter buy and sell orders on the company's shares starting from 8:30 A.M. on the listing day only, Pre-open timing for the other listed companies will remain as it usually is at 9:00 am.
The source added that the data of subscribing shareholders in the company will be available at the brokerage firms from Sunday, 10 January, 2021 in preparation for trading their shares, so that from that date the shareholders can directly review the brokerage firms to deliver the sale or purchase orders.
It is reported that QLM was finally established on 30 April, 2018, with authorized and issued capital of QR 350 million, which is 100% fully paid.
It is noteworthy that the most important objective of QLM is to carry out health insurance, life insurance and reinsurance business in accordance with the license issued to it by the Qatar Central Bank, and any other aspects of insurance business as it would be licensed by Qatar Central Bank in the future. In the course of carrying out its main activity, the company may carry out any business and activities that do not conflict with its main activity and contribute to its realization.