Qatar Central Securities Depository (QCSD) announced that it has amendedthe ownership limits on its systems, so that the GCC citizens will be treatedas Qatari citizens in terms of owning shares of the companies listed on Qatar Stock Exchange. The change will be valid as of Thursday, March 26th 2015.
A statement issued by the QCSD said that the new amendment is based onthe provisions of Law No. (9) of 2014, amending some provisions of Law No. 13of 2000 regulating the investment of non-Qatari capital in the economic activity. The new changes will be carried out pursuantto the provisions of Paragraph No. (4) of Article No. (2) of the above Law,which provides for the treatment of the GCC citizens as Qatari citizens interms of owning the shares listed on Qatar Stock Exchange.
QCSDis a service providing company, licensed by Qatar Financial Market Authority(QFMA) engaging in providing safekeeping, clearing, settlement and depository servicesof securities and other financial instruments listed on the Qatar StockExchange. QCSD, which has started itsoperations on January 2nd 2014, provides its services to individualand institutional investors
