Wasata Financial Securities to begin liquidity provisioning for newly listed Mekdam
Gulf Times
Inma Holding Company on Thursday said its fully-owned brokerage arm Wasata Financial Securities will begin liquidity provisioning for the newly listed Mekdam Holding from October 3.
The (Mekdam) board authorised the chief executive officer to sign the contracts and agreements in this regard and to coordinate with all concerned parties to put the liquidity provision in service, its regulatory filing with the Qatar Stock Exchange (QSE) said.
Mekdam Holding Group, which last month got listed on the venture market for the small and medium enterprises, was established in March 2018 as a private company with limited liabilities and authorised and issued capital of QR50mn.
In May 2013, the Qatar Financial Market Authority had approved the liquidity provision scheme that can be carried out by the financial services firms.
