The Qatar Financial Markets Authority (QFMA) has issued a new Corporate Governance Code for Listed Companies under Board Decision No. (5) of 2025. The Code repeals the 2016 version and brings Qatar’s governance standards in line with OECD, IOSCO, and ISSB principles—with a sharper focus on board independence, transparency, ESG, risk, and compliance.
The Code applies mandatorily to companies listed on the main market, and on
a “comply or explain” basis to those listed on the secondary market. It comes into effect the day after publication in the Official Gazette, with 12 months to comply, extendable by the QFMA Chair.
Qatar issues new Corporate Governance Code for listed companies
Mark Menton
Core Assurance Partner, PwC Middle East
Territory Senior Partner, PwC Middle East, PwC Middle East
Issa Habash
