As part of the efforts of the Qatar Financial Markets Authority, the Qatar Stock Exchange and Edaa Company to follow international standards and practices in the global capital markets in order to provide the best ways and mechanisms that help increase the effectiveness of the Qatari market, we are pleased to inform you that the settlement period will be reduced from T+3 to T+2 in order to reduce the risks resulting from the long settlement period and in accordance with international best practices. It serves the interests of investors.
To implement the settlement reduction process, the rules and procedures related to the stock settlement process will be updated.
It should be noted that the specific date for implementing the process of reducing the settlement period from T+3 to T+2 will be Tuesday, January 2, 2024.
During the period between now and the implementation of the reduction process, both the Qatar Stock Exchange and Edaa Company will make the necessary updates to the procedures related to the rules and procedures related to the settlement reduction process.