Qatar Financial Markets Authority Board Decision No. 1/2013

Amendment of Article (22) of Offering & Listing of Securities Rulebook (Amendment)

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Article (22) - Requirements for the Applicant Company

The company applied for offering and listing its shares shall satisfy the following requirements:

  1. Meet the incorporation requirements stipulated in the law of the country of incorporation.

  2. The issued capital shall be fully paid (in case of an offering).

  3. The company's shareholders equity shall not be less than the paid up capital according to the latest audited financial statements. The memorandum of association and the articles of association of the company shall provide to allow to issue shares for a public offering or the company got licensed to do so by the legal competent authority.

  4. The minimum subscribed capital shall be at least (40,000,000) forty million Qatari riyals.

  5. The paid up amount of the nominal value shall not be less than 50%, in case of a listing.