Al Mahhar Holding has formally submitted its application to the Qatar Financial Markets Authority (QFMA) to transfer its shares from the venture market to the main market of the Qatar Stock Exchange.
The transfer is subject to obtaining the required regulatory approvals.
This move comes after shareholders approved the board's proposal at the company's general assembly meeting held on November 18, 2024.
At the meeting, shareholders authorised the chairman to sign the application for the transfer, submission of the transfer application to the QFMA, and to complete all necessary procedures for the transfer with the respective regulatory authorities on behalf of the company.
The proposed transfer to the main market reflects Al Mahhar Holding’s commitment to aligning with the highest standards of governance, transparency, market practices, and aims to further enhance its visibility and trading liquidity, benefiting shareholders and strengthening the company’s position as a leader in Qatar's energy and infrastructure servicing sectors.
Maroon Capital Advisory is advising Al Mahhar Holding on the transfer process to the QSE's main market
