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Business Services

Request Approval on Buying or Selling Treasury Shares

  • Last Updated 11 Jan, 2021
  • Service Type : E-Service
  • Service Mode : Hybrid (Online and Offline)
  • Service Provider : Qatar Financial Markets Authority
  • Service Classification : G2B
  • Topic : Business and Finance
Intended Audience
Citizen:Parent, Business Owner, Employee

Description

Companies listed at Qatar Financial Market Authority (QFMA) may submit a request online to get QFMA's approval on purchasing a percentage of its shares through the market, and to notify QFMA of its decision to sell its shares purchased through the market.

Online Instructions

  • Login through clicking on the lock sign in the left side at the top of the information page.
  • Fill out the mandatory fields in the online application form, and attach the following required documents:
    • Copy of the market notification of the Board's decision to buy/sell treasury shares immediately upon the decision’s issuance.
    • Approval request for buying/selling treasury shares (on QFMA form).
    • Formal letter signed by the Board Chairman of the company or his/her legal representative and sealed by the company's seal regarding buying/selling treasury shares.
    • Certificate from the company’s external auditor about his/her opinion on the buying process of treasury shares, and its impact on the liquidity and main activity of the company.
    • Detailed statement of shares previously bought and purchasing dates, if any (Optional).
    • QFMA’s statement of approvals on previous buying transactions, if any (Optional).
    • Statement of previous selling notifications, and selling dates, if any (Optional).
  • Agree to the conditions of the services, and if the applicant is a bank, it shall comply with Qatar Central Bank instructions in this respect.
  • Submit your application.

Fees

There are no fees for this service.

Additional Information

  • Upon completion of the application, an email will be sent to the applicant.
  • You can also submit the application via QFMA mobile app, kiosks, and service centers.
  • For more details, please scroll down in the information page until you find the relevant information about this service, which is the third service showing on the page.

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