Listing on the Venture Market

In terms of process and procedures, the documentation, application and review process is broadly similar for the Main Market and the Venture Market and both processes are governed by the QFMA Offering & Listing Rules.However, there are differences, designed to provide flexibility to QE Venture Market companies, the most important of which are detailed below:

• The issuer must be a Qatari public shareholding company
• The number of non-founder shareholders must not be less than 200 for a public offering and 20 for a direct listing
• The issuer must have carried out its activity and issued audited financial statements for at least one year
• The issuer's capital must not be less than 2 million Qatari riyals and must be fully paid
• The shareholders' equity must not be less than the paid-up capital according to the latest audited financial statements
• The percentage of shares offered must not be less than 20% and not more than 60% for a public offering and not less than 10% and not more than 60% for a direct listing
• The issuer must commit to complying with all the requirements set forth by the Qatar Financial Markets Authority, the QSE's Rulebook, and the Commercial Companies Law No. (11) of 2015 and its amendments

For more information on the issues related to listing on the Qatar Stock Exchange, please refer to the Offering and Listing Rulebook issued by the Qatar Financial Markets Authority, the Rulebook issued by the Qatar Stock Exchange, and the Commercial Companies Law No. (11) of 2015 and its amendments. These resources provide valuable information on the regulations and guidelines governing the listing process.