QFMA plans stock split of QSE firms to attract investors:
"The Qatar Financial Markets Authority (QFMA) will soon come out with the procedures and the appropriate mechanisms to regulate the stock split of the listed companies, a move that could lead to better price discovery.
The QFMA has outlined the scheme of splitting shares’ nominal value of the Qatar Stock Exchange-listed companies to QR1 per share (from the present face value of QR10), a move that is set to appeal small investors and enhance liquidity.
This step, which comes as a part of the QFMA’s regulatory and supervisory role over the capital market in the State, seeks to increase the prospects for investment in the financial market, expand the shareholders base, attract more small investors, give more choice opportunities for all participants dealing in the QSE, and increase the liquidity and turnover ratio of shares listed on the market."
'via Blog this'
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