OREANDA-NEWS. In order to preserve the interests of shareholder andtraders in the market and pursuant to the instructions of the Qatar Financial Markets Authority (QFMA), Qatar Stock Exchange (QSE) suspended the Qatari Investors Group (QIGD) from trading on QSE as of today, Thursday, 25/02/2016,pursuant to the provisions of Article 70 of the Offering & Listing of Securities Rule book issued by QFMA.

On 18/01/2016 and through a notification sent to the QFMA and QSE, the QIG has disclosed a lawsuit filed against the company.However, it did not notify the QFMA and the QSE of the verdict issued in this case during the court session dated 28/01/2016, which provides for the invalidity of the company’s EGM dated 01/03/2015, the resolutions issued during this EGM, and the consequences of such resolutions.  To date, the QIGD has not disclosed the verdict through notifying the QFMA and QSE thereof, despite a request that has been made to the company thereon by the QFMA and QSE.

The QIGD had submitted a request to the QFMA on 23/02/2016 to halt trading on its shares in relation with the transition of the company from a public-holding company into a private-holding company.