Qatar Stock Exchange (QSE) clarified that Salam International, a listed company, has affirmed its full commitment to the laws and regulations related to the principles of disclosure and transparency as well as its keenness on the interests of customers.

Based on the principle of disclosure and transparency, QSE had addressed Salam International regarding the high volume of trading on the its shares. The company stated there was no information or data that would affect the share price in the market had not been disclosed, QSE said in a statement on its website on Tuesday.

The company affirmed that work is underway in accordance with the announced plans, and that the executive management is implementing its previously announced future plans, including halting poor-performing activities, reducing general and administrative expenses, focusing on profitable activities, and rationalizing spending.

The policy of disclosure and transparency is providing information requested by the Qatar Financial Markets Authority and other supervisory authorities, or requested by stakeholders in a timely manner and in the manner that enables the information applicant to make a sound decision, which regulates the dealings of insiders in the securities issued by the company or any company from its group. It also works to avoid and limit conflicts of interest and achieve public benefit in light of the concept of fair investment in the market.

(QNA)