DOHA: Salam International Company will resume its share trading on Qatar Exchange (QE) from Sunday, July 7, 2013. A posting on QE website yesterday said: “Based on instructions from Qatar Financial Market Authority (QFMA), Salam International Company (SIIS) will resume trading on Sunday.”
The QFMA originally announced the suspension of Salam International Investment Ltd’s share trading on the Qatari bourse in 2011 as the company allegedly failed to meet the set standards of the regulatory body.
However, in April 2013, Salam International said the Court of Cassation has stayed the execution of the judgment of Court of Appeal that nullified its decision to merge a number of companies into it in 2002 and 2005. The Apex court’s decision also annulled the QFMA’s decision to suspend its share on Qatari bourse, the company announced.
The April statement said that the company, in the wake of the Court of Cassation’s pronouncement, was looking forward to the QFMA to issue an order permitting the Salam International to resume trading of its shares on QE. The Peninsula
