Gulf Times – Qatar’s junior bourse ready to receive SMEs

Qatar Exchange (QE) has established a separate junior bourse for small and medium enterprises, QE Venture Market.
The Qatar Financial Market Authority (QFMA) has stipulated small and medium enterprises (SMEs) with a track record of one year and a minimum subscribed capital of QR5mn (50% paid) to be eligible for listing compared to three years and a higher capital base of QR40mn (50% paid) for those in the main market.
No minimum market capitalisation has been mandated but the QFMA stipulated a minimum of 20 shareholders and a minimum float of 10% for SMEs against 100 shareholders and 20% free float in case of the main market.

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