Qatar Exchange hosts investment awareness meeting
Qatar Exchange (QE) hosted meeting to discuss the right issues of the Gulf Warehousing Company (GWC)
The right issues of the Gulf Warehousing Company (GWC) were discussed at a recent meeting in a bid to raise awareness of the investment field within Qatar.
Qatar Exchange experts presented the calculation and execution methods for the right issues, in light of the approval obtained from the Qatar Financial Markets Authority (QFMA).
Nasser Abdulla Abdalghani, director of the Market Operations & Control Deparmtnet of the Qatar Exchange, said the meeting was to raise investors' awareness on the instruments offered by the exchange, the Peninsula reported.
He highlighted that the exchange was keen on continuously improving and expanding its range of instruments available to investors.
Samer Abu-Zaghla, QE, gave an in-depth explanation on the sale mechanism of the rights issues, emphasising that this financial instrument has a validity period, as the right becomes worthless unless it is used in the subscription of the capital increase.
The rights issues is considered a security, which allows the company’s shareholders to subscribe in the capital increase shares to be issued during the specified subscription period, according to the equity proportion of each shareholder.