Tribune News Network
Doha
In a significant development, Al Mahhar Holding announced that it has received the Qatar Financial Markets Authority’s (QFMA) non-objection to transfer its shares from the Venture Market to the Main Market of the Qatar Stock Exchange (QSE).
The company, in an official statement, confirmed that it is coordinating with the Qatar Stock Exchange and Qatar Central Securities Depository (Edaa) to complete the remaining formalities for the transfer process. This step underscores Al Mahhar Holding’s strategic vision to elevate its market presence and aligns with its long-term growthambitions.
The transfer to the Main Market is expected to bring multiple advantages for the company, including increased visibility, improved trading liquidity, and greater appeal to a broader range of investors. It is also a testament to Al Mahhar Holding’s commitment to upholding the highest standards of corporate governance, transparency, and compliance with market regulations.
Al Mahhar Holding has established itself as a key player in Qatar’s energy and infrastructure servicing sectors. The company has demonstrated consistent performance and resilience, positioning itself as a leader in industries critical to Qatar’s economic development. By transitioning to the Main Market, the company aims to further consolidate its market leadership and unlock new opportunities for growth.
The move is expected to significantly benefit shareholders by enhancing the company’s trading profile and ensuring greater investor confidence. The improved market status will likely attract both institutional and retail investors, contributing to increased demand and potentially boosting shareholder value.
The transfer reflects Al Mahhar Holding’s dedication to aligning with Qatar’s broader financial market objectives, as outlined in the Qatar National Vision 2030. By adhering to stringent regulatory and operational standards, the company aims to contribute to the development of a robust and transparent capital market ecosystem in the country.
