Al Faleh Educational Holding, the first company to be listed on the venture market of the Qatar Stock Exchange, will commence trading from April 13.
The shares of Al Faleh, which runs Doha Academy and AFG College with University of Aberdeen, will be listed with the symbol “FALH”. Its stocks will be allowed to trade using the direct listing option.
The company's share price will be floated on the first day of trading, while it will be allowed to fluctuate by 10% up and down starting from the second day of trading of the company's shares.
There will be no change in the timing of the trading session on the listing day and the brokerage firms will be allowed to enter buy and sell orders on the company's shares for the pre-open period, as usual at 9am.
The founders’ data will be made available to the brokerage firms as of April 11 in preparation for trading of the company’s shares in order to allow them to receive buy and sell orders.
Al Faleh Educational Company was established on May 1, 2015, with authorised and issued capital of QR240mn, as a public shareholding company under incorporation, which is 100% fully paid.
Al Faleh will be traded in the same manner as those on the main market in terms of order types, corporate actions and settlement/clearing arrangements. The pricing of Al Faleh securities is exactly the same as pricing mechanism of the stocks listed on the main market.
Investors do not need to obtain new investor number to trade in Al Faleh shares since no new investor numbers (NIN’s) are required to be issued for the investors who have already existing numbers. The orders in the QEVM are executed through the brokers licensed by the Qatar Financial Market Authority.
Al Faleh has three schools — Doha Academy, Doha Academy Salwa branch and Doha International Kindergarten.
The QEVM will follow the same continuous trading pattern as the main market. The tick sizes for the QEVM equities will be as same as those for the main market.
The stock quotes of the QEVM will be broadcasted on a separate market watch at the QSE website and independent from the main market screens. Trading volumes and other relevant data for the QEVM will be reported on the QSE website on a daily basis.
“The QE Venture Market (QEVM) will provide a listing and trading venue for the SMEs or small and medium enterprises that do not fulfil listing requirement of the main market. The QEVM provides an alternative route to market for the SME’s that need the access to capital," QSE chief executive Rashid bin Ali al-Mansoori said.
The companies eligible to join the QEVM should have minimum issued capital of QR2mn, and number of shareholders not less than 20 who own no less than 10% of its capital upon the listing.
The company's share price will be floated on the first day of trading, while it will be allowed to fluctuate by 10% up and down starting from the second day of trading of the company's shares.
There will be no change in the timing of the trading session on the listing day and the brokerage firms will be allowed to enter buy and sell orders on the company's shares for the pre-open period, as usual at 9am.
The founders’ data will be made available to the brokerage firms as of April 11 in preparation for trading of the company’s shares in order to allow them to receive buy and sell orders.
Al Faleh Educational Company was established on May 1, 2015, with authorised and issued capital of QR240mn, as a public shareholding company under incorporation, which is 100% fully paid.
Al Faleh will be traded in the same manner as those on the main market in terms of order types, corporate actions and settlement/clearing arrangements. The pricing of Al Faleh securities is exactly the same as pricing mechanism of the stocks listed on the main market.
Investors do not need to obtain new investor number to trade in Al Faleh shares since no new investor numbers (NIN’s) are required to be issued for the investors who have already existing numbers. The orders in the QEVM are executed through the brokers licensed by the Qatar Financial Market Authority.
Al Faleh has three schools — Doha Academy, Doha Academy Salwa branch and Doha International Kindergarten.
The QEVM will follow the same continuous trading pattern as the main market. The tick sizes for the QEVM equities will be as same as those for the main market.
The stock quotes of the QEVM will be broadcasted on a separate market watch at the QSE website and independent from the main market screens. Trading volumes and other relevant data for the QEVM will be reported on the QSE website on a daily basis.
“The QE Venture Market (QEVM) will provide a listing and trading venue for the SMEs or small and medium enterprises that do not fulfil listing requirement of the main market. The QEVM provides an alternative route to market for the SME’s that need the access to capital," QSE chief executive Rashid bin Ali al-Mansoori said.
The companies eligible to join the QEVM should have minimum issued capital of QR2mn, and number of shareholders not less than 20 who own no less than 10% of its capital upon the listing.