QFMA affirms monitoring daily trading of listed companies – The Peninsula

QFMA affirms monitoring daily trading of listed companies – The Peninsula

Doha: Qatar Financial Markets Authority (QFMA) said that it monitors the daily trading as usual and on the various listed companies, to ensure that there are no violations or exploitation of information that could affect trading or share prices, and that it takes the necessary measures in this regard if the need arises.

In this context, QFMA clarified in a statement issued on Sunday, on what is being circulated on social media, regarding the trading of the shares of Investment Holding Group (IHG) (a Qatari Public Shareholding Company), in regard to its acquisition of the Elegancia Group LLC.

On April 7, 2021, IHG announced its initial approval of the acquisition Elegancia Group LLC by increasing the company's capital and starting to study the offer, QFMA said.

Oct. 13, 2021, QFMA also indicated, that IHG disclosed that its board of directors decided to approve the acquisition in accordance with the exchange rates agreed by the board and the owners of Elegancia Group, to begin the date referred to by preparing the offer document for the process to be submitted to the QFMA.

On Nov. 15, 2021, IHG announced the signing of a share swap contract with the shareholders of Elegancia Group, noting that this contract