Edaa Announces a Reduction in the Settlement of Buying and Selling Operations at Qatar Stock Exchange To T+2

Edaa today announced an initiative to reduce the settlement period of purchasing and selling transactions at Qatar Stock Exchange (QSE) from T+3 to T+ 2. This initiative complements Qatar Financial Market’s Development initiatives and will take effect starting January 2024. The initiative is in collaboration with Qatar Central Bank (QCB) Qatar Financial Market Authority (QFMA) and Qatar Stock Exchange (QSE). It aims to enahnce the trading mechanisms of the Qatar Financial Market, accelerating the speed of trading to attract foreign investments.

This strategic move focuses on shortening the settlement period at the QSE from T+3, three working days after the date of the sale or purchase, to T+2, a two working day period from the date of the sale or purchase. Thus leading to a qualitative leap in the speed of trading at QSE. Aligned with international best practices, this initiative promises to strengthen our position in the global capital markets arena.

Sheikh Saif Bin Abdullah Al-Thani, CEO of Edaa, said: "We collaborate with all partners, under the guidance of QFMA to achieve a set of short-term goals. Our key priorities are to facilitate transactions for our local and global investors, and to ensure operational efficiency. This initiative embodies our commitment to achieving these goals."

Edaa anticipates applying the new settlement period by the beginning of next year (January 2, 2024). This will allow institutional investors, local and foreign portfolio managers to prepare to fulfil the technical requirements on their end. Concurrently, Edaa will work with these stakeholders to provide support in applying the necessary regulatory and technical amendments, and coordinate with them to secure smooth settlement operations.

Th initiative is in line with international best practices in regional and international markets, to achieve efficiency, and reduce the risks of long settlement period.