Mekdam Holding Group will start trading on the main market from the venture market, effective Monday.The company would be listed under the consumer goods and services sector, which already has 10 constituents under it. With this, the number of the listed companies in the main market will become 48.Mekdam Holding Group will become the first company to be transferred from the venture market to the main market.Mekdam's name and the symbol (MKDM) and the International Identification Number (ISIN) will remain unchanged.The reference price for the company's shares Monday will be determined based on the closing price of its shares in the trading session on Thursday, December 29.The Qatar Stock Exchange (QSE) will cancel all the orders on Mekdam shares in the order book after the trading session on Thursday, December 29, 2022.Mekdam Holding group operates as a comprehensive service and solution provider of ICT (information, communication and technology), mechanical and electrical engineering, and operation and maintenance services. Net profit stood at QR21.18mn on revenues of QR363.08mn at the end of nine-month period ended September 2022.The company was established as a limited liability company under Commercial Registration No 115142 under the name as Mekdam Holding Group on March 29, 2018. It was converted into a Qatari public shareholding company, according to the Ministry of Commerce and Industry Decision No U.U./2021/73 dated January 14, 2021.The company's capital amounted to QR68mn divided into 68mn common shares with nominal value of each share of QR1.
January 01, 2023 | 09:41 PM