Qatar bourse regulator slaps fine on three firms

January 09, 2013 - 12:52:11 am

DOHA: The regulator of the Qatari bourse has slapped deterring fines on three listed entities, including the popular consumer cooperative chain Al Meera.

A press statement issued by the Qatar Financial Market Authority (QFMA) which regulates Qatar Exchange (QE) said yesterday that Al Meera has been fined QR200,000, while Qatar Securities Company, QR300,000. 

The third listed company that has been penalised is Dlala Holding. It has been fined QR100,000, Al Sharq reported yesterday but said the QFMA statement did not give any reasons for slapping the fines.

The decision to penalise the companies was taken by the Accounting Committee at the QFMA. The companies have been notified and asked to submit grievances, if any.The Peninsula