QFMA Announces Completion of the Split of all Companies' Shares and Funds' Units Listed in QSE

Doha, July 08 (QNA) - Qatar Financial Markets Authority (QFMA) announced on Monday that the split of all 46 companies' shares and ETFs' units listed on Qatar Stock Exchange (QSE) was completed. The stock split was done as per a scheduled process in coordination with the QSE, Qatar Central Securities Depository (QCSD) and other concerned parties during the period from June 9, 2019 to July 7, 2019 and over 21 trading sessions. QFMA confirmed that the stock split proceeded as planned with a joint awareness program implemented by all relevant parties to clarify the split process, mechanisms and objectives. QFMA praised the cooperation of all concerned parties in the success of the stock split, especially QSE, QCSD and the financial services companies for their continuous efforts before and during the implementation period to ensure the fullest implementation. QFMA also appreciated the role of listed companies and persons in charge of the ETFs' units in their response and compliance with implementation the stock split as per the agreed steps and timetable. It also praised the role of the various media in following up all implementation stages, ensuring that the media have contributed positively to clarify the process objectives and delivery the QFMA's message. The stock split process was launched on the ninth of last month with shares of Commercial Bank and Qatar First Bank, ending with Qatar Aluminum Manufacturing Company (QAMCO) and the ETFs' units. The nominal value of the shares of all companies and ETFs' units listed QSE is now QR 1. (QNA)