Qatari equity market set to improve disclosure practices - The Peninsula Qatar:
"Qatar’s capital market regulatory authority is working on a draft proposal ahead of considering to bring in better transparency and disclosure practiceS to the market. The proposals include a series of recommendations to make the market more efficient, people with direct involvement in drafting the proposal revealed to The Peninsula. “We have recommended changes in the ‘rule book’ regarding the disclosures and information sharing to the investors, which are currently under review of QFMA. The highlight of the recommendations is to make it mandatory for investors to get relevant information required for their investment decisions”, sources at one of the key government entities told The Peninsula. The challenge in the local market has been that when potential investors talk to a company, they are looking to meet the CFOs to discuss key numbers and business models. These opportunities are often denied to investors, especially the companies of which major stakes are being controlled by the government entities. It is important for the investors to understand companies before taking their investment decisions, he said."
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