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Services

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Offline Services

Approval on Buying or Selling Treasury Shares

  • Topics : Business and Finance
  • Audience : Business

Qatar Financial Market Authority provides a service for obtaining its approval for any listed company wishing to buy a percentage of its shares through the market. The company shall notify the QFMA of the selling decision of the bought shares through the market.  

Offline Instructions

To get QFMA approval on buying or selling treasury shares, please follow the below steps:

  • Meet the QFMA’s requirements.
  • If the applicant is a bank, it shall comply with Qatar Central Bank (QCB) instructions in this respect before submitting the application.
  • Attach the following documents:
  • A copy of the market notification of the Board's decision to buy or sell treasury shares immediately upon the decision’s issuance.
  • The application for approval of buying / selling treasury shares (on the form approved by the QFMA).
  • A formal letter signed by the Board Chairman of the Company or his legal representative and sealed by the company's seal on its approval of buying or selling treasury shares.
  • A certificate from the company’s external auditor about his/her opinion on the buying transaction and the effect thereof on the liquidity and main activities of the Company.
  • A detailed statement of shares bought before and buying dates, if any. "Optional"
  • A statement of the QFMA’s approvals on previous buying processes, if any. "Optional"
  • A statement of previous notification and selling dates, if any. "Optional"

Fees

There are no fees for this service.

Additional Information

  • The applicant will get the approval after 10 working days of receipt of the completed application.

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