(MENAFN- Gulf Times) As part of its policy aimed at "promoting knowledge and investment awareness" among investors, the Qatar Stock Exchange (QSE) organised a lecture on "Selling of Rights Issues of GWC".
The lecture was delivered by QSE experts and attended by brokers, Qatar Financial Markets Authority (QFMA) and Qatar Central Securities Depository (QCSD) representatives, and public investors.
The lecture follows the "issuance of the rights issues rules" by the QFMA, QSE said in a release yesterday.
Nasser Abdul Ghani, MOC director, gave a presentation, in which he addressed several topics and said that the holding of this introductory lecture came within the framework of QSE's efforts to enhance investors' awareness in terms of the products traded on the exchange.
He said the QSE followed transparency principles and open door policy with all market stakeholders, including investors, brokerage firms, analysts and listed companies.
Abdul Ghani added that the lecture aimed to enable all existing and potential investors to "make the right investment decisions" with regards to purchase, sell or hold the rights issues based on sufficient knowledge of such a mechanism.
The QSE experts gave a detailed explanation on the sale mechanism of the rights issues based on the fact that this financial instrument has a validity period as the right becomes worthless unless it is used in the subscription of the capital increase.
"The rights issues are considered a security, which allows the company's shareholders to subscribe in the capital increase shares to be issued during the specified subscription period according to the equity proportion of each shareholder," the QSE said.
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