Qatar Central Securities Depository Company (QCSD) witnessed a significant increase in the activities of registered shareholders during July 2017, according to the company’s monthly report.
In its monthly report, QCSD reviewed its major activities, including the custody, recording, management, acquisition, clearing and settlement of securities and derivatives, and other financial instruments.
According to the monthly report, one of the important activities of QCSD during the month of July was the addition of newly subscribed shares by the Doha Bank’s existing shareholders, where the new capital amounted to QR3.1bn distributed over 310 million shares.
The company also adjusted the foreign ownership of Vodafone Qatar to 49 percent of the capital, equivalent to 414, 246,000 shares.
In addition, the company also registered the shares of Investment Holding Group with its capital of QR830m, divided into 83 million shares.
The company registered the treasury bills issued by Qatar Central Bank for the third quarter of 2017 in its regulations. The Company recorded treasury bills on July 4, 2017 and due on October 3.
The bills varied from a 3-month treasury deposit of QR500m with a number of 50,000 issuances, a 6-month treasury note was issued for QR300m with a total of 30,000 issuances, and a 9-month QR200m.
According to the report, the number of remittances in July reached 177, compared to 166 in June. The number of Inheritance transfers reached 917, compared with 418 in June.
The number of shareholders recognised in the company’s system during July reached 954,356 contributors, compared to 954,294 contributors in June.
Meanwhile, the mortgage transactions witnessed a significant increase, with 112 transactions recorded in July, compared to 19 transactions in June. The decoupling operations also saw a rise in July, with recording 415 transactions, compared to 187 in June.
Qatar Central Securities Depository Company is the only company licensed by Qatar Financial Markets Authority (QFMA) to provide these services in Qatar.
It was established by Qatar Central Bank as part of the development process of the financial market infrastructure in the State of Qatar in order to reduce the risks arising from adjustments after trading and reduce conflicts of interest.
