Qatar Central Securities Depository Issues August Report

Doha, September 03 (QNA) - Qatar Central Securities Depository (QCSD) presented its main procedures during the month of August, which included custody, recording, management, acquisition, clearing and settlement of securities and derivatives and other financial instruments; the provision of related financial services; the transfer of ownership of executed contracts through trading and remittances; in addition to the implementation of all mortgage and decommissioning and foreclosure operations at the request of the relevant parties. QCSD also updated a number of shareholders' statements and added new shareholders. In its monthly report, QCSD provided figures and statistics illustrating the main activities carried out during August. In ownership transfer of the third market, the QCSD conducted 115 family transfers, compared to 288 in July, a decreasing by 60.07 percent. The company also conducted 616 inheritance transfers, compared to 774 in July, a decreasing by 20.41 percent. In addition, one exception transfers were made in August, compared to three in July, a decrease by 66.67 percent. The number of shareholders recognized in the company's system during August reached 955 thousand and 810 shareholders, compared to 955 thousand and 818 shareholders in July, while the number of shareholders with a bank account was 49 thousand and 314 shareholders in August against 49 thousands and 184 shareholders in July with a change of 0.26 percent. Also in August, 58 mortgage transactions were registered, compared to 56 in July, a change of 3.57%. QCSD also registered 146 mortgage decomposition transactions in August compared to 261 in July, a decrease of 44.06 percent. The company also registered 56 account opening operations for new shareholders in August, compared to 113 registrations in July with a decrease of 50.44 percent, and issued 4,267 account statements, compared to 5,865 in July, a decrease of 27.25 percent. Moreover, 347 to whom it may concern certificates were issued in August, compared to 539 in July, showing a decrease of 35.62 percent. The number of shareholders recognized by the system according to nationality (Qatari and non-Qatari) and type of shareholder (individuals and institutions) reached 279,548 Qatari shareholding individuals in August, compared to 279,568 in July, down by 0.007 percent. The number of shareholders from Qatari institutions was 3,804 in August. The number of non-Qatari shareholders in August of this year was 668,396, compared to 668,366 in July of the same year, with a 0.004 change. Shareholders from non-Qatari institutions reached 4,062 in August of this year compared to 4,080 institutions in July, down by 0.44 percent. QCSD also registered treasury bills issued by Qatar Central Bank (CB) for the third quarter of 2018 in its systems. Treasury bills (T-Bills) were registered with a date of issue on August 1st. The T-Bills included three-month treasury bills with the value of QR 600 million. The total number of T-Bills issued was 60,000 and a maturity date of 01/11/2018. It also included six-month treasury bills issued with the value of QR 240 million. The total number of T-Bills issued was 24,000 and a maturity date of 05/02/2019. The QCSD also registered nine-month treasury bills issued by QCB with the value of QR 150 million. The total number of T-Bills issued was 15, 000 and a maturity date of 01/05/2019. The new website of Qatar Central Depository Company has also been launched, which includes an integrated mechanism to upgrade the level of services provided through its design and development through the use of modern technologies. The site contains many services, in addition to the services provided by the company to its customers. Qatar Central Depository Company also adjusted the percentage of foreign ownership in Barwa Real Estate Company to become 49% of the capital. (QNA)