The Banking The Banking Executive Magazine - June 2024 Issue

QCB among them, and QFMA also issued rules regulating the dividends distri- bution in order to unify both proce- dures and the entity that distributes the dividends, reduce time, effort and costs to listed companies, and pro- vide a single window for the investor to collect all different companies div- idends. The 2023 annual report of the Qatar Financial Markets Authority (QFMA) reviews the most important contribu- tions and achievements of QFMA during the past period, and its partic- ipation in various local and interna- tional meetings and conferences related to the capital market. It reflects the QFMAs efforts in en- hancing transparency and stability in the Qatari market, and enhancing confidence among investors and market participants. The report also addresses the QFMA's ongoing efforts aimed at maintaining the continued progress of the financial sector in the country, improving its performance and con- solidating its development, protect- ing its dealers and investors, and achieving qualitative leaps in the level of their aspirations and ambi- tions, in addition to moving forward at an accelerated pace in enhancing the attractiveness and competitive- ness of doing business in the Qatari capital market, which will reflect positively on all dealers and entities subject to the QFMAs jurisdiction. The year 2023 witnessed the com- pletion and implementation of qual- itative measures and initiatives in the process of outstanding performance of the Qatari financial sector, includ- ing the announcement of the QFMAs Third Strategic Plan (2023-2027), as well as many other legislations, reg- ulations and decisions that began to have a clear positive impact on the capital market sector. During 2023, QFMA also witnessed a set of administrative and structural changes aimed at transforming it into a supervisory authority with interna- tional standards that follows the best practices and international standards in the field of regulation, supervision over the Qatari capital markets, as such changes were based on updat- ing the QFMAs organizational struc- ture, developing the followed policies and procedures, accelerat- ing the Qatarization policy, empow- ering Qatari competencies, and raising its leadership and administra- tive capabilities. the BANKING EXECUTIVE 20 ISSUE 186 JUNE 2024