QFMA issues rules for employees’ incentive shares purchase of listed shareholding companies ...Qatar

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QFMA issues rules for employees’ incentive shares purchase of listed shareholding companies
Qatar Financial Market Authority (QFMA) has issued rules for the purchase of listed shareholding companies for their shares, for the purpose of implementing and supporting their employee’s incentive schemes, pursuant to specific requirements and procedures. According to the new issued rules, the incentive shares scheme shall include several procedures and requirements, including: the number of shares shall not exceed (7%) of the total paid-up capital with the loss of the right to vote and the share of one person shall not exceed (10%) of the scheme shares. It also includes determining the beneficiaries of the incentive programme, excluding the company's board members and determining

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