QFMA Issues Controls for Company’s Buyback of its Own Shares for Purpose of Selling

Doha: The Qatar Financial Markets Authority (QFMA) issued new controls on Sunday for a company's buyback of its own shares with the intention of selling. In a statement, QFMA stated that these new controls fall within the framework of the QFMA's endeavors to develop the Qatari capital market and bolster investor confidence, affirming its commitment to protecting the rights of investors and ensuring a fair and transparent investment environment. QFMA has determined the controls and conditions under which the company is permitted to buy back its shares for subsequent sale, upon approval, emphasizing that these new controls will contribute to fostering corporate governance and the efficiency of the Qatari capital market. Interested individuals can refer to these controls and obtain more information by visiting the QFMA's website at www.qfma.org.qa. Source: Qatar News Agency