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QNA
Doha
Qatar Central Securities Depository (QCSD) has invited shareholders to update their registered data and add their own bank accounts in order to facilitate the shareholders'access to dividends distributed by companies.
The QSCD also issued its July 2018 report, featuring its major procedures, including preserving, recording, managing, owning, clearing and settling securities and their derivatives and other financial instruments.
The procedures included providing related financial services, as well as the transfer of ownership of executed contracts through trading and transfers such as family transfers, inheritance, exception, booking and decommissioning operations, pledges and release of pledges operations at the request of relevant parties.
The details of a number of shareholder statements were also updated and new shareholders added.
Among the company's activities in July was the transfer of ownership of the third market, in which 289 family transfers were carried out in July compared to 159 in June, a change of 81.76 percent.
There were 774 inheritance transfers in July compared to 556 in June , a change of 39.21 percent. There were also 3 exception transfers in July, compared to one transfer in June, a 87.57 percent decrease.
The number of shareholders recognised by the QCSD's system in July stood at 955,818 compared to 955,756 in June , a change of 0.01 percent. The number of shareholders with a bank account in July was 49,184 compared to 48,962 in June, a change of 0.45 percent.
In July, 56 pledge operations were registered compared to 63 operations in June, a 11.11 percent decrease, whereas 261 release of pledge operations were registered compared to 92 operations in June, a change of 183.70 percent .
In addition, 113 new shareholders opened accounts as opposed to 79 in July , a change of 43.04 percent, and 5,865 account statements were issued in July compared to 4,195 in June , showing a change of 39.81 percent .
Moreover, 539 to whom it may concern certificates were issued in July , compared to 221 in June , showing a change of 143.89 percent.
The number of shareholders recognised by the system according to nationality (Qatari and non-Qatari) and type of shareholder (individuals and institutions) reached 279,568 Qatari shareholding individuals in July, compared to 279,557 in June, up by 0.003 percent. The number of shareholders from Qatari institutions in July was 3,804, compared to 3,802 institutions in June, up by 0.05 percent.
The number of non-Qatari shareholders in July was 668,366, compared to 668,323 in June, with a 0.006 percent change. Shareholders from non-Qatari institutions reached 4,080 in July, compared to 4,074 institution in June, showing a 0.14 percent change.
QCSD also registered treasury bills issued by Qatar Central Bank (QCB) for the third quarter of 2018 in its systems. Treasury bills (T-Bills) were registered with a date of issue on July 3.
The T-Bills included three-month treasury bills with the value of QR400 million. The total number of T-Bills issued was 40,000 and a maturity date of September 2, 2018. It also included six-month treasury bills issued with the value of QR200 million.
The total number of T-Bills issued was 20,000 and a maturity date of January 2, 2019. The QCSD also registered nine-month treasury bills issued by QCB with the value of QR200 million. The total number of T-Bills issued was 20,000 and a maturity date of April 2, 2019.
Procedures have also been put in place to divest the nominal value of the shares of listed companies listed on Qatar Stock Exchange (QSE).
Qatar Financial Markets Authority (QFMA) announced that it is in the process of developing procedures to divest the nominal value of the shares of listed companies listed on QSE and the appropriate mechanisms to regulate this process for the nominal value of all shares listed on the stock exchange QR 1 per share.
Through this step which comes in the context of exercising its regulatory and supervisory role on the capital market in the state, QFMA said it seeks t increase investment prospects in the financial market, expand the shareholders base and attract more small investors.
It also seeks to multiply opportunities for choice in front of all traders in the QSE and increase the liquidity ratio, the turnover of shares in the market. The authority also seeks to achieve its mission to regulate and develop the capital market, ensuring that the authority's strategic plan conforms to the financial plan of Qatar.
