Edaa CEO to QNA: New dividend Controls Will Increase Investor Confidence in Qatar's Financial Market

Doha, November 22 (QNA) - HE CEO of Edaa Sheikh Saif bin Abdullah Al-Thani underscored that the new controls to regulate dividend distributions in the financial markets will contribute to enhancing liquidity in the Qatari financial market, increasing the confidence of local and international investors in it, and attracting more investments in the financial sector, in addition to helping listed companies, which will be included in the future to attract new investors.
    In his remarks to Qatar News Agency (QNA), His Excellency urged shareholders in companies listed on the Qatar Stock Exchange (QSE) to update their data to benefit from the dividend distribution controls in the financial markets by visiting the company's website www.qcsd.gov.qa, the customer service offices at the company's headquarters, or through intermediaries.
    His Excellency indicated that the decision to distribute profits to shareholders through the company aims to facilitate procedures for shareholders and companies alike.
    Edaa called on shareholders to quickly update their data to benefit from the new controls to regulate dividend distributions in the financial markets, which included amendments to the mechanism of distributing annual profits to shareholders so that companies listed on the QSE can distribute interim dividends on a quarterly, semi-annual basis, or annual in line with the new controls.
    HE Sheikh Saif bin Abdullah Al-Thani said that dividend distributions will be consolidated through one place and will result in shareholders receiving profits faster, easier, and more efficiently than the method known in previous years.
    His Excellency pointed out that Edaa has worked for a long time to develop its services and operations to keep pace with current and future developments in the Qatari financial market and global markets to enhance trust and transparency among all parties operating in the financial market. His Excellency added that Edaa will continue to work hard to contribute to the development of an integrated and advanced system for the Qatari financial market as a regional market leader in innovation, efficiency, and investor protection.
    CEO of Edaa concluded his remarks to QNA by saying that Edaa works under the supervision and umbrella of the Qatar Financial Markets Authority (QFMA), headed by HE Governor of Qatar Central Bank (QCB) and Chairman of the Board of Directors of QFMA Sheikh Bandar bin Mohammed bin Saoud Al-Thani to enhance Qatar's position on the map of financial markets and unleashing its economic capabilities and potential in the best possible way.
    According to the new controls issued by HE Governor of Qatar Central Bank (QCB) and Chairman of the Board of Directors of QFMA Sheikh Bandar bin Mohammed bin Saoud Al-Thani, and announced recently by HE CEO of QFMA Tamy bin Ahmed Al Binali, Edaa Company is The entity that will distribute profits on behalf of companies listed on the QSE starting 2024.
    The new controls include transferring profits to the bank account of each investor, or to the investor's trading account with the brokerage company he deals with, or adding them to the balances of the investor's Qatari credit card (Himyan), according to the investor's choice of the means of collecting the profits due to him. (QNA)