QE confirms shareholders' restructuring
- Qatar: Tuesday, December 04 - 2012 at 17:22
- PRESS RELEASE
QE confirmed that a shareholding restructuring of the company was completed in October 2012. As a result Qatar Holding now holds 88% of the shares and NYSE Euronext maintains a 12% investment in the Qatar Exchange.
"In view of the above, Qatar Holding has expressed desire to increase its stake in QE from 80% to 88%, this desire was in consistent with NYX strategy to obtain greater flexibility for strategic capital deployment, resulting in concluding the shareholders restructuring agreement late October and finalizing all necessary legal relevant procedures," the source added.
"This change has been reflected in the Articles of Association of the Company including the numbers of board seats allocated for each of the shareholders. Otherwise, there are no changes to the partnership and both shareholders and their commitment to the development of the exchange and Qatar as a financial centre. NYX remains an important partner in QE and shall continue to provide all the technological support needed to maintain its pioneering status among the financial markets of the region," the source concluded.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.