QNA
doha
Al Mahhar Holding has announced that it has formally submitted its application to the Qatar Financial Markets Authority (QFMA) to transfer its shares from the Venture Market to the Main Market of the Qatar Stock Exchange (QSE), subject to obtaining the required regulatory approvals.
In a statement published Wednesday on QSE website, the company explained that this step follows the approval of the company’s General Assembly meeting held on November 18, 2024, where shareholders authorised the chairman of the board to sign the application for the transfer, submission of the transfer application to the QFMA, and to complete all necessary procedures for the transfer with the respective regulatory authorities on behalf of the company.
Al Mahhar Holding confirmed that the intended transfer to the Main Market reflects its commitment to the highest standards of governance, transparency and market practices, and aims to enhance the company’s position and trading liquidity, which benefits shareholders and enhances the company’s position as a leader in Qatar’s energy and infrastructure servicing sectors.
The transfer of the company’s shares to QSE Main Market is subject to the approval of QFMA, and the completion of all related procedures with the Qatar Stock Exchange and other relevant authorities.