QCSD Completes Stock Split of All QE Listed Companies

Doha, July 07 (QNA) - Qatar Central Securities Depository (QCSD) has completed the stock split of all joint stock companies listed in Qatar Exchange, so that the nominal value of a share in all listed companies has become one Riyal per share. QCSD also completed the unit split of QE listed exchange-traded fund (ETF). QCSD had announced earlier that the stock split decision will be enforced during the period of 9 June to 7 July, in a scheduled manner in coordination with QSE, Qatar Central Securities Depository (QCSD) and other concerned parties. The stock split process aims at reducing the share price, increasing the number of shares available for trading and equity trading, and expanding the equity base of listed companies as a result of the increase in the number of shareholders as a segment of investors prefer to deal with low-priced shares. The process also aims at increasing the demand for corporate shares through an increase in the number of investors and attracting a new segment of small investors into the market. In a related context, the monthly reported issued by Qatar Central Securities Depository (QCSD) shed light on the most important achievements made by the company during the month of June, including 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 bookings and decommissioning and foreclosure operations at the request of the relevant parties. QCSD also updated a number of shareholders' statements and added new shareholders. Among other achievements, QCSD registered treasury bills issued by Qatar Central Bank of Qatar in the its systems. The treasury bills were registered with a date of issue on the 1st of May. The T-Bills included three-month treasury bills with nominal value of QR 300 million. The total number of T-Bills issued was 30,000 and a maturity date of 03/09/2019. It also included six-month treasury bills issued with nominal value of QR 200 million. The total number of T-Bills issued was 20 thousand and a maturity date of 03/12/2019. QCSD also registered nine-month treasury bills issued by QCB with nominal value of QR 100 million. The total number of T-Bills issued was 10 thousand and a maturity date of 03/03/2020. Qatar Central Securities Depository (QCSD) has also registered bonds issued by Qatar Central Bank of Qatar in the its systems. Treasury bills were registered with a date of issue on June 2. The bonds included a bond of 6 billion and 300 million riyals, and a bond worth 6 billion and 700 million riyals. QCSD also provided in its monthly report figures and statistics illustrating the main activities carried out during the month. QCSD conducted 121 thousand and 66 ownership transfer operations. In ownership transfer of the third market, QCSD conducted 296 family transfers, 389 inheritance transfers and 6 exception transfer operations. The number of shareholders holding shares in the system of QCSD in June reached 392 thousand and 74, while the number of shareholders with a bank account reached 53 thousand and 892 shareholders. The number of Qatari shareholders in June reached 233 thousand and 175, while the number of Qatari shareholding institutions reached one thousand and 362. (QNA)