The Acting CEO of Qatar Stock Exchange (QSE) Abdulaziz Nasser Al Emadi affirmed that the recent new amendments made to the QSE Rules Book are side matter and have nothing to do with the listing, nor the listing requirements, indicating that the QSE doors are open for Qatari companies, the procedures are easy, and companies just need to take a step forward and start their way toward the market.
QSE has issued the version of the Rules Book, approved by the Qatar Financial Markets Authority (QFMA), to be implemented as of Thursday.
Meanwhile, in his remarks to Qatar News Agency on the sidelines of listing Al Mahhar Company on Wednesday, the Acting CEO of QSE revealed that there are two companies that will be listed in the QSE during the upcoming period in the emerging market, in addition to other companies in the main market.
Al Emadi said that listing Al Mahhar Holding is the second listing in the emerging market as the company provides its services for the energy and infrastructure sectors in the State of Qatar, adding that it represents a good investment option for investors.
Regarding companies moving from the emerging market to the main market, he indicated that the moving process depends on the company itself, meaning that if the company responded to the requirements and applied a request, it might proceed with moving. He added that the emerging market provides the same benefits of the main market with fewer requirements.
Concluding his remarks to QNA, Al Emadi praised the role of QFMA in revitalizing the market and creating financial depth by allocating QR one billion to establish the market. He also emphasized the positive role of foreign investment in the QSE.
Source: Qatar News Agency