DOHA: Qatar Exchange (QE) held a meeting to discuss the right issues of the Gulf Warehousing Company (GWC), as part of the exchange’s contribution to raising awareness on the investment field in Qatar.
QE experts presented the calculation and execution methods for the right issues, in light of the approval obtained from the Qatar Financial Markets Authority (QFMA).
Director of the Market Operations & Control Department of the Qatar Exchange Nasser Abdulla Abdalghani said that the meeting was to raise investors’ awareness on the instruments offered by the exchange. He added that the exchange was keen on always improving and expanding its range of instruments available to investors.
Samer Abu-Zaghla Qatar Exchange , gave a detailed explanation on the sale mechanism of the rights issues based on the fact that this financial instrument has a validity period as the right becomes worthless unless it is used in the subscription of the capital increase. The rights issues is considered a security, which allows the company’s shareholders to subscribe in the capital increase shares to be issued during the specified subscription period according to the equity proportion of each shareholder.
The Peninsula
