Ministry of Commerce and Industry organizes annual forum for public shareholding companies listed in Qatar Stock Exchange

June 21, 2022

The Ministry of Commerce and Industry organized the annual forum for public shareholding companies listed in the Qatar Stock Exchange, in the presence of representatives from the Qatar Stock Exchange, the Qatar Financial Markets Authority (QFMA), the Qatar Central Securities Depository Company (QCSD), and the Qatar Institute of Certified Public Accountants, in addition to owners and representatives of public shareholding companies and a number of entrepreneurs and interested individuals, as well as local and international accounting offices and companies operating in Qatar.

The Forum comes within the framework of the Ministry’s keenness to facilitate conducting investment and commercial business in Qatar, and provide all means of assistance to commercial companies. These efforts pour into raising the level of confidence in the Qatari business environment, and enhancing partnership with the private sector, thus leading to achieving the Qatar National Vision 2030, equipped with a competitive, diversified, and sustainable economy.

The Forum, which featured a statement by a Ministry of Commerce and Industry representative, highlighted the importance of shareholding companies to the national economy. Moreover, it introduced the key amendments to Law No. (8) of 2021 Amending Some Provisions of Law No. (11) of 2015 Promulgating the Commercial Companies Law, in addition to showcasing the process of updating shareholders’ information at QCSD, and holding general assemblies for public shareholding companies listed electronically in accordance with the provisions of the Commercial Companies Law.

 

Also during the Forum, the Ministry previewed the services it provides to the public shareholding companies listed in the Qatar Stock Exchange, and showcased its efforts to develop and upgrade them, as well as enhance means of communication with them. Among these services is the attendance and supervision of the employees of the Ministry’s Companies Affairs Department of public and private joint stock companies’ ordinary and extraordinary general assemblies.

At the end of the Forum, officials of the Ministry, the Qatar Stock Exchange, QFMA, and QCSD responded to the participants’ inquiries about a number of topics related to public shareholding companies listed in the Qatar Stock Exchange, and their relations to the four aforementioned entities. Topics also touched on how the Ministry of Commerce and Industry, Qatar Stock Exchange, QFMA, and QCSD can strengthen cooperation and coordination between them to serve the work of listed companies and hone their performance to enhance their role in the economic process.