Qatar Central Bank Decision No. 7/2024
On the Controls and Procedures for a Financial Institution’s Buyback of a Percentage of Its Shares
Type
Regulatory
Agency
Qatar Central Bank
Issued on
18 Sept 2024 (corresponding to 15 Rabi Al-Awwal 1446 H)
Jurisdiction
Qatar
Taxonomy
Financial Institutions, Share Schemes
The Board of Directors,
After perusal of Qatar Law No. 8/2012 on the Qatar Financial Markets Authority, amended by Qatar Decree-Law No. 22/2018;
Law on the Central Bank of Qatar and the Regulation of Financial Institutions promulgated by Qatar Law No. 13/2012;
Commercial Companies Law promulgated by Qatar Law No. 11/2015, amended by Qatar Law No. 8/2021;
Qatar Central Bank Decision No. 1/2016 on the determination of the percentages and conditions of ownership of shares of the financial institutions listed on the stock exchange and subject to the control and supervision of Qatar Central Bank; and
The approval of the Board of Directors of Qatar Central Bank in its third meeting for the year 2024, held on 18/09/2024,
Has decided as follows: