Al Faleh Educational Holding, which runs Doha Academy and AFG College with University of Aberdeen, will soon foray the Qatar Stock Exchange (QSE), making it the first to get listed on the junior bourse or venture market.
Al Faleh Educational Holding held a constituent general assembly meeting last week, presided over by Dr Sheikha Aisha bint Faleh al-Thani, founder and chairperson, wherein it was decided to convert it from a limited liability company to a Qatari public shareholding entity.
The meeting was also attended by Sheikh Jassim bin Nawaf al-Thani, Sheikha Anwar bint Nawaf al-Thani, the founders, advisers and the representatives from the Ministry of Commerce and Industry.
Meanwhile, Rashid bin Ali al-Mansoori, chief executive of QSE, tweeted: "We look forward to the inclusion of Al Faleh Educational Holding as the starting point for encouraging private and family companies to transform into joint stock companies listed on the QSE.”
Al Faleh Educational Holding, which has made its mark in Qatar as a landmark that provides educational products and services, will be listed on the venture market.
It has emerged as one of the leading institutions in the field of education and continues to strive to be part of the fulfilment and realisation of the Qatar National Vision 2030.
Al Faleh runs three schools: Doha Academy, Doha Academy Salwa branch and Doha International Kindergarten.
Strenuous efforts have been made to increase the number of companies listed on the stock exchange by raising awareness of the advantages of the listing, al-Mansoori said.
"During the next few weeks, we will receive the first company in the SME market," he said in regard to Al Faleh Educational Holding.
In January 2012, the bourse established a separate stand-alone venture market, stipulating eased entry norms as well as lower capital base and shareholders, but made mandatory liquidity provider and perpetual services of listing adviser.
The Qatar Financial Market Authority has stipulated SMEs with a track record of one year and a minimum subscribed capital of QR5mn (50% paid) to be eligible for listing compared to three years and a higher capital base of QR40mn (50% paid) for those in the main market.
The venture market is aimed at small and medium sized family and private companies and provides them with an access to capital market and enables them to diversify their source of financing, achieve sustainability, growth and expansion.
No minimum market capitalisation has been mandated, but the QFMA has stipulated a minimum of 20 shareholders and a minimum float of 10% for SMEs against 100 shareholders and 20% free float in the case of the main market.
The recently released Qatar Capital Market 2020 report, prepared by the Qatar Financial Center, had said the venture market serves as a dedicated stock exchange for SME listings, which, despite possessing possibly shorter track records and higher risk profiles, allows them to access funding through the equity capital market.
Al Faleh Educational Holding held a constituent general assembly meeting last week, presided over by Dr Sheikha Aisha bint Faleh al-Thani, founder and chairperson, wherein it was decided to convert it from a limited liability company to a Qatari public shareholding entity.
The meeting was also attended by Sheikh Jassim bin Nawaf al-Thani, Sheikha Anwar bint Nawaf al-Thani, the founders, advisers and the representatives from the Ministry of Commerce and Industry.
 Rashid bin Ali al-Mansoori, chief executive of QSE |
Al Faleh Educational Holding, which has made its mark in Qatar as a landmark that provides educational products and services, will be listed on the venture market.
It has emerged as one of the leading institutions in the field of education and continues to strive to be part of the fulfilment and realisation of the Qatar National Vision 2030.
Al Faleh runs three schools: Doha Academy, Doha Academy Salwa branch and Doha International Kindergarten.
Strenuous efforts have been made to increase the number of companies listed on the stock exchange by raising awareness of the advantages of the listing, al-Mansoori said.
"During the next few weeks, we will receive the first company in the SME market," he said in regard to Al Faleh Educational Holding.
In January 2012, the bourse established a separate stand-alone venture market, stipulating eased entry norms as well as lower capital base and shareholders, but made mandatory liquidity provider and perpetual services of listing adviser.
The Qatar Financial Market Authority has stipulated SMEs with a track record of one year and a minimum subscribed capital of QR5mn (50% paid) to be eligible for listing compared to three years and a higher capital base of QR40mn (50% paid) for those in the main market.
The venture market is aimed at small and medium sized family and private companies and provides them with an access to capital market and enables them to diversify their source of financing, achieve sustainability, growth and expansion.
No minimum market capitalisation has been mandated, but the QFMA has stipulated a minimum of 20 shareholders and a minimum float of 10% for SMEs against 100 shareholders and 20% free float in the case of the main market.
The recently released Qatar Capital Market 2020 report, prepared by the Qatar Financial Center, had said the venture market serves as a dedicated stock exchange for SME listings, which, despite possessing possibly shorter track records and higher risk profiles, allows them to access funding through the equity capital market.
