الأرباح النقدية في شركات المساهمة المُدرَجة في أسواق المال القطرية

Abstract

Objective: The legal framework governing the calculation and distribution of profits in listed companies within the Qatari financial markets has undergone significant reforms with the issuance of Qatar Financial Markets Authority Board Resolution No. 7 of 2023, as amended by Resolution No. 5 of 2024. This study aims to explain these provisions, together with the Qatari Commercial Companies Law No. 11 of 2015, regarding ‘cash dividends’, particularly in light of the introduction of the concept of ‘interim dividends’.

Methodology: The research falls within descriptive legal studies in the field of corporate law, although the researcher has partially incorporated some comparative references along with a degree of critical analysis.

Results: The study demonstrates that Resolution No. 7 effectively provides a balance between the stability of listed companies and attracting investment to enhance the competitiveness of Qatari financial markets. However, it also highlights the need for legislative amendments to the Commercial Companies Law and Resolution No. 7 to address certain areas that require clarification, development, and the enhancement of legitimacy. The research discusses these issues and provides detailed recommendations accordingly.

Originality: Although the study addresses traditional aspects related to the calculation and distribution of cash dividends in Public Joint Stock Companies, it uniquely positions itself as the first to analyze Resolution No. 7 and its amendments, which were implemented in Qatar in 2024, offering pioneering insights into these reforms, as is the case with the new concept of ‘interim dividend’.