Qatar.. Ooredoo shares rise to the highest price in 10 years

Ooredoo shares, listed and traded on the Qatar Stock Exchange, rose by 2.02% at the end of Thursday’s session, trading at a price of 12.14 riyals per share.

Trading in Ooredoo shares at that time included 961 trading transactions, including 1.91 million shares, worth 23.01 million riyals.

The highest price of the share at that time was 12.17 riyals, while the lowest price was 11.82 riyals, touching its highest price in 120 months (10 years).

This came in the wake of the company’s announcement to develop its governance system and update the Board of Directors’ charter, to enhance standards of transparency, accountability, and compliance with international best practices in the field of governance.

The company’s new governance system was designed based on the directives of the Qatar Financial Markets Authority, in addition to a package of local and international laws that include the application of the company’s governance principles.

An environmental, social, and corporate governance sustainability component was also added as part of this update.