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Screenshot of a breaking news alert e-mail from Q2 2017
Qatar Financial Markets Authority (QFMA) has approved a proposal not to suspend trading on the shares of the companies listed on the Qatar Stock Exchange on AGM days as of January 1st, 2018.
The QFMA approval included a set of procedures to be followed in implementing the decision in terms of identifying the shareholders eligible to attend the general assembly meeting and the shareholders entitled to bonus shares as well as the date of payment.
The procedures indicated that an investor shall be considered a shareholder from the date of purchase without waiting for the settlement period, whereas the selling shareholder has no right to attend the meeting or receive cash dividends and bonus shares if they make the sale before the AGM day without waiting for the settlement period.
The Qatar Stock Exchange has inform investors and interested parties that it will provide further clarifications to investors through brokers and media outlets on the various aspects related to the implementation of the above decision.