In Qatar, IFRS are required or permitted for companies whose securities do not trade in a public market? if yes by which law?

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Qatar’s commitment to a single set of global accounting standards and to IFRS Standards as those standards is set out in Commercial Law No. 5 of 2002.  That law requires all listed companies to prepare consolidated and separate company financial statements “in accordance with the accounting principles approved internationally.  Regulations of the Qatar Financial Markets Authority have defined this to mean IFRS Standards.