Cash dividend for QNB shares
I bought shares of QNB few months ago. They announced cash dividend recently and when I contacted my broker, they advised me to collect it from the bank directly.
What is the normal procedure in such cases? Isn't it the responsibility of the broker to credit the amount to the account?
eliashamzo, no. Any one can buy shares in the secondary market if the share holder limit is not crossing certain limit. Infact investing in Qatar market is easy. Just visit the doha exchange site for more information.
As far as i know , only locals are allowed to buy shares .
isnt that true ?
There is a form (application for dividend) which you need to fill up and fax it over to the bank. They will issue you a cheque or credit it in your account.