Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar- QE launches NY, London roadshows  Join our daily free Newsletter

MENAFN - The Peninsula - 05/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Qatar Exchange (QE), in collaboration with QNB Financial Services commenced a week-long roadshow to support QE listed companies' investor relations, ahead of the bourse's forthcoming upgrade by MSCI.

The forums will be hosted by Bank of America Merrill Lynch in New York and Deutsche Bank in London.

The event is designed to complement the companies' ongoing investor relation activities through providing an opportunity for the management of listed companies to meet key decision makers from a number of world's largest international fund managers.

The forthcoming inclusion of Qatar in the MSCI Emerging Market Index provided a unique opportunity for Qatar to showcase its market-leading listed companies at a time when the profile of Qatar was set to be raised further. The portfolio investors continue to view Qatar as an exciting investment opportunity, a fact that has been reflected in the enthusiastic response to the forum, QE's top officials said here yesterday.

The delegation from Qatar is being led by Rashid al Mansoori, CEO of Qatar Exchange. "The timing of our visit and that of our listed companies is of course not a coincidence; Qatar is very proud to have worked alongside the global investment community and MSCI itself in working through the various challenges necessary to secure 'emerging market' status. The MSCI (and S&P) decisions to upgrade the Qatari market to emerging market status reflects the recognition of prominent international investment institutions that we are doing many things right in terms of the development of the market infrastructure and the implementation of a number of important projects and initiatives. We also note that the upgrade of Qatar reflects meeting the quantitative requirements for inclusion especially the degree of openness of the market to the international investment community and an established and well-tested operational framework."

Rashid Al Mansoori added: "It is self-evident that conditions in global equity markets have recovered significantly with the previous extreme 'flight to quality' mind-set now in a full-fledged bull phase."

Al Mansoori said the event as an opportunity for a dialogue between investors and companies. "Qatar Exchange is pleased to be back in (New York and London) showcasing the best of Qatar with our listed companies; we trust that both sides, corporates and fund managers will find the meetings scheduled over the coming four days to be a worthwhile experience."

he upgrade to MSCI emerging markets status is an important part of Qatar Exchange's ongoing growth but only one of many important initiatives, he said.

MSCI uses a set of 18 measures to determine a country market's accessibility; chief among those for emerging markets are protection of investor assets; openness to foreign ownership and ease of capital flows. Having satisfied the criteria, MSCI is due to include Qatar in the Index in its May re-balancing.

Abdulla Al Sada, Deputy CEO of QNB Financial Services, said: "With more than 1.1bn in foreign flows into Qatar this year, this event represents a valuable opportunity to reinforce Qatar's strong investment story to institutions in the US and UK."

Over the five days through a combination of one-to-one and group meetings, the listed companies will meet with over 70 fund managers representing 50 major institutions. Those institutions represent the most important funds allocating money to Qatar and the GCC; the two forums together hosted over 200 meetings.

In aggregate fourteen listed companies, representing more than half of the QE market capitalisation, will use this opportunity to emphasise to the fund managers their particular investment themes.

The Qatari companies that are participating include, Qatar National Bank, Doha Bank, Ooredoo, Commercial Bank of Qatar, Industries Qatar, Mesaieed Petrochemical Company, Gulf International Services, Al Khaliji Commercial Bank, Qatar Electricity & Water, Vodafone, Milaha, Qatar Insurance, Qatar Islamic Bank and United Development Company.

 


The Peninsula




  MENA News Headlines
 Sep 20 2014 - Syrian Kurds fleeing to Turkey pass 45000-markArab News
(MENAFN - Arab News) SURUC Turkey: Tens of thousands of Syrian Kurds have crossed into Turkey in the past 24 hours fleeing an advance by Islamic State fighters who have seized dozens of villages ...

 Sep 20 2014 - Yemen TV building on fire as clashes continue in capitalArab News
(MENAFN - Arab News) SANAA: Yemen's state-run television building caught fire after a three-day mortar attack by Shiite rebels who are protesting against the government residents and a TV employee ...

 Sep 20 2014 - Saudi- Jubail airport handles first civilian flightArab News
(MENAFN - Arab News) The first civilian aircraft landed at Jubail airport on Thursday morning marking its transformation from a purely military facility.The General Authority of Civil Aviation (GACA) ...

 Sep 20 2014 - Saudi- Four held for stealing money carsArab News
(MENAFN - Arab News) Jubail police have arrested four young men who stole money from a company's safe and four vehicles from a car rental firm. They used the cars for drifting.Col. Ziad Al-Ruqaiti ...

 Sep 20 2014 - Saudi- Factories ignore safety rulesArab News
(MENAFN - Arab News) Many factories and workshops in the Kingdom do not abide by safety and security standards to protect their buildings against fires. Such factories also do not maintain their air ...

 Sep 20 2014 - Saudi- Preparations for pilgrims in Madinah completeArab News
(MENAFN - Arab News) Madinah Mayor Khaled Taher said that the municipality's preparations for this year's Haj have been completed as scheduled. The municipality's action plan aims at offering ...

 Sep 20 2014 - Saudi- 1000 Mozambicans to arrive next weekArab News
(MENAFN - Arab News) Some 1000 pilgrims from Mozambique will arrive in Jeddah for this year's Haj in three separate groups according to Mozambican Ambassador Cesar Gouveia.'I'll be traveling to ...

 Sep 20 2014 - Saudi- Security agencies ready for any situation during HajArab News
(MENAFN - Arab News) Security and government agencies responsible for pilgrims' welfare during Haj are fully equipped to tackle any disaster including a helicopter ambulance and doctors linked with ...

 Sep 20 2014 - Saudi- Women investors beat men in stock marketArab News
(MENAFN - Arab News) The number of Saudi women investors in the stock market has grown by 5 percent while men investors increased by 2 percent over the first half of this year.There are now 892900 ...

 Sep 20 2014 - With 4.2m links 47m clips IS rules cyberspaceArab News
(MENAFN - Arab News) A 44-page search result by the search engine Google has revealed 4.2 million links and counting of Arabic websites newspapers and social networking sites in reference to ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help