Doha - CEO of Qatar Stock Exchange Rashid bin Ali Al Mansoori stressed Tuesday the importance of disclosure and transparency in the financial market and considered them a vital necessity on which investors build their investment decisions.

Al Mansoori depicted transparency and adequate disclosure as a key element in the success of any financial market to gain the confidence of both individuals and institutional investors. During the meeting organized by Qatar Stock Exchange with the participation of representatives from the Qatar Financial Markets Authority (QFMA) and the Qatar Central Securities Depository (QCSD), and the presence of representatives from some listed companies.

Al Mansoori said in the opening speech that the companies listed on QSE have made great strides in the implementation of international standards in terms of disclosure and transparency and the development of dedicated Investor Relations (IR) departments and websites, noting that such measures have great impact on the companies' success in gaining investors' confidence and ensure healthy, transparent and fair trading environment. Al Mansoori thanked the QFMA and the QCSD for their participation in the meeting, highlighting the support of Qatar Stock Exchange to the companies in their efforts to develop the services provided to investors.

"QSE intends to introduce new tools to assist the listed companies in unifying the disclosure format and procedures. QSE also launched the Investor Relations Excellence Program which aims at encouraging the listed companies to communicate with all stakeholders and adopt the international best practices in this regard," Al Mansoori noted.

He added that the consultative meetings they held with brokers, funds and investment highlighted the significance of access to executive management and the availability of information on the company's plans, liquidity and dividends when making investment decisions.

Source: Qatar News Agency