As part of Qatar Stock Exchange’s (QSE’s) commitment to create effective communication channels and improve the ongoing communication between the listed companies and the investor community, Qatar Financial Markets Authority (QFMA) has approved a set of minimum requirements for investor relation practices (the “IR Rules”) that will become part of QSE's Rulebook.
An official source at the QSE said that the IR Rules, which will be mandatory for companies listed on the QSE, will be introduced as a new section in the QSE Rulebook and will be valid for all listed companies as of October 1st, 2019.
The source pointed out that the purpose of the IR Rules is to introduce a set of mandatory requirements under which each company listed on the main market of QSE will be required to appoint an Investor Relations Officer, create and maintain a dedicated investor relations section on its website, and hold at least one investor call conference, as well as submitting an annual report to QSE on the company’s compliance with the IR rules and requirements.
QSE issued a circular to all listed companies explaining the various aspects of these requirements. QSE will also hold a workshop for listed companies during the first quarter of this year to answer all inquiries raised by the listed companies, the source added.
The source thanked QFMA for its cooperation and the adaption of the rules, which will improve the level of trust and transparency in the market and enhance the investment attractiveness of the listed companies.
