Quotes: 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
 May 6 2015 - HE the Chief of Staff Meets French CommanderQatar News Agency
(MENAFN - QNA) HE the Chief of Staff of the Qatari Armed Forces Major General (Pilot) Ghanim bin Shaheen Al Ghanim met Wednesday with Chief of Staff of the visiting French Army General Jean-Pierre ...

 May 6 2015 - Croatian Deputy Prime Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Deputy Prime Minister and Minister of the Interior of the Republic of Croatia, Ranko Ostojic, met here on Wednesday with Qatar's Ambassador to the Republic of Croatia, HE Sheikha Moza ...

 May 6 2015 - Pakistani Army Chief of General Staff Meets Qatar's AmbassadorQatar News Agency
(MENAFN - QNA) Pakistan Army Chief of General Staff Rashid Mahmood met here today with HE Qatar's Ambassador to Pakistan Saqr bin Mubarak Muhammad Saqr Al Mansouri. Talks during the meeting focused ...

 May 6 2015 - Advisory Council's Services Committee MeetsQatar News Agency
(MENAFN - QNA) The Advisory Council's Services and Public Facilities committee on Wednesday held its first meeting during the council's 43rd regular session under the chairmanship of its rapporteur ...

 May 6 2015 - Municipality Minister Meets Tunisian Environment MinisterQatar News Agency
(MENAFN - QNA) HE Minister of Municipality and Urban Planning Sheikh Abdul Rahman bin Khalifa Al-Thani on Wednesday met at his office with Tunisian Minister of Environment and Sustainable ...

 May 6 2015 - HE State Defense Minister Holds Meetings in TurkeyQatar News Agency
(MENAFN - QNA) HE Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah met Wednesday with Turkish Minister of Defense Ismet Yilmaz on the sidelines of the International ...

 May 6 2015 - Minister of Justice Meets Heads of GCC DelegationsQatar News Agency
(MENAFN - QNA) HE the Minister of Justice Dr. Hassan bin Lahdan Al Mohannadi met here on Wednesday with the heads of delegations participating in the first meeting of GCC officials for family ...

 May 6 2015 - Dubai's Jumeirah Group logs 5.2 percent revenue growth in 2014MENAFN
(MENAFN) Jumeirah Group, the Dubai-based hotel developer, recorded a revenue growth of 5.2 percent for 2014, marking a decline from the 8 percent reported a year ago, Arabian Business ...

 May 6 2015 - Two dead, 8 injured in Azraq - JordanJordan News Agency
(MENAFN - Jordan News Agency) Two citizens were killed and eight injured when two cars collided in Azraq town, north-east the Kingdom, Civil Defense Directorate said.Rescue teams in Zarqa governorate ...

 May 6 2015 - Israel test launches missile propulsion systemJordan News Agency
(MENAFN - Jordan News Agency) Israel tested a ballistic propulsion system for a satellite delivery Tuesday morning.A statement by the Defense Ministry said that the launch, conducted over central ...

more...


 






Google

Internatinal Property Show

 
 

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

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help