Qatar Stock Exchange is now the Party Entitled with Receiving the Applications for Public Offering, Listing and Admission to Trading

Qatar Stock Exchange is now the Party Entitled with Receiving the Applications for Public Offering, Listing and Admission to Trading

In application of the Financial Markets Development Committee (FMDC) decision issued in its first meeting of 2016; and in view of the keenness of Qatar Financial Markets Authority (QFMA) and Qatar Stock Exchange (QSE) to make it easier for the issuers seeking to offer their securities and list them on QSE; a market notice was issued by QSE announcing that as of 27 March 2016, QSE will become the official party entitled to receive the applications for public offering, listing and admission to trading, as well as to review these applications and to check that they comply  with the conditions and requirements of the  QFMA Regulations  and the QSE Rulebook.
 
This task was assigned to QSE following QFMA’s approval of the issuance of a market notice on the reception of applications for offering, listing and admission to trading on QSE, which was published on QSE website in Arabic and English, along with the relevant documents and requirements checklist.
               
On this occasion, Mr. Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, said: "the publication of the market notice must be seen as one of the fruits of the cooperation between the QSE and the QFMA and a recognition of our joint willingness to enhance investments in the capital markets in accordance with the governmental directions which consider the QSE as a mirror of the national economy."
 
The issuance of the market notice is intended to make it easier for the issuers wishing to offer their securities and to list them on the QSE through the processing of their applications via the "single window" system, based on having one single party that is in charge of the reception of listing and admission to trading applications, Mr. Al-Mansoori pointed out.
 
He added that after receiving and checking the applications against the terms and requirements set forth in this notice and its attached checklists, the QSE will submit the eligible applications to a joint listing committee, which is competent to review the applications and to submit them to the QFMA for final approval.  
 
Pursuant to this notice, the issuers wishing to offer or to list their securities on the stock market shall submit their applications to the QSE Listing Department in its capacity as the competent party to receive offering/listing applications. QSE is ready to cooperate with all the companies wishing or planning to list on the stock exchange, especially in view of the fact that the stock market has ample and qualified expertise to guide the companies through the listing requirements and procedures, as well as in terms of the transformation into a public joint stock eligible for listing on Qatar Stock Exchange.

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