Lombard loans in Qatar.
Private credit against Qatar-listed shares — pledged, not sold, with ownership retained.
A Lombard loan against Qatar-listed shares is credit secured by a pledge of equity listed on the QSE. The holder pledges the shares as collateral, draws cash against a fraction of their market value, keeps beneficial ownership and dividends subject to structuring, and recovers the position in full on repayment.
- Lombard loans are arranged against shares listed on the QSE (QSE).
- The pledge is not a sale: ownership, dividends, and the upside stay with the holder.
- Loan-to-value is calibrated to the specific position, funded in QAR or cross-currency.
- Structured under the QFMA regime, with disclosure from 5%.
Eligible collateral and venues
Lombard Financing arranges facilities against equity listed on the principal Qatar venue: Qatar Stock Exchange (QSE). Eligibility at the position level turns on the liquidity and free float of the specific line, its volatility, and the size of the holding relative to its typical traded volume — the same variables that drive the loan-to-value.
Regulator and disclosure
Shares listed in Qatar are regulated by Qatar Financial Markets Authority (QFMA). Substantial-shareholding disclosure is triggered from 5%, and a pledge over a large line is structured with that reporting regime in view so that the transaction remains discreet and compliant. Where a holding sits near a control or takeover threshold, the structure is arranged to avoid disturbing the position.
Funding, custody, and structuring
Facilities are typically arranged for a tenor of twelve to thirty-six months, funded in QAR or in another currency on a cross-currency basis. Throughout the facility the pledged shares are held by a qualified custodian under bankruptcy-remote arrangements, so the security is clean and the holder’s ownership is preserved. Non-recourse, limited-recourse, and full-recourse structures are available, and the choice interacts with the loan-to-value and the pricing.
| Listing venue(s) | Qatar Stock Exchange (QSE) |
|---|---|
| Regulator | Qatar Financial Markets Authority (QFMA) |
| Currency | QAR (cross-currency available) |
| Disclosure threshold | From 5% substantial-holding disclosure |
| Principal indices | QE Index, QE Al Rayan Islamic Index |
| Indicative tenor | 12–36 months, renewable by agreement |
| Recourse | Non-recourse / limited-recourse / full-recourse |
Considering a Lombard loan against a Qatar-listed position?
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Disclosure and regulation
The Qatar Financial Markets Authority requires a holder to notify at 5% and on each subsequent 1% change, so a large QSE position is tracked closely as it grows. Two features then shape a pledge. Foreign-ownership ceilings apply issuer by issuer and govern how much of a line a non-resident client may hold and pledge; and access differs across the market’s segments. Part of the market also follows Islamic-index conventions. A Lombard credit is arranged so the QFMA notifications are met and the client’s disclosed holding, together with any ownership-cap and segment considerations, stays intact.
An illustrative example
Consider a private client holding QAR 300 million in a large-cap QSE-listed position. At an illustrative loan-to-value of 40% — within the disclosed 20–65% range — a Lombard loan releases roughly QAR 120 million while the shares stay pledged and the client keeps ownership, dividends, and the upside. Subject to any foreign-ownership limit on the line, funding can be taken in QAR or in USD on a cross-currency basis. The figures are round and purely illustrative, shown to convey the structure rather than to indicate any terms.
Illustrative only — not an offer, a quotation, or a commitment to lend.