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
 Oct 23 2014 - Kuwait- Equates wins two regional sustainability awardsKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Kuwait's EQUATE Petrochemical Company has won two regional sustainability awards in recognition for its social responsibility and national cadres' skills ...

 Oct 23 2014 - Moroccan horse showThe Peninsula
(MENAFN - The Peninsula) Moroccan horsemen perform during the 7th edition of the "Salon du Cheval" (horse show) in the port city of El Jadida. ...

 Oct 23 2014 - Kuwaiti Jazeera Airways net profit up 22.6 percent in Q3MENAFN
(MENAFN) Kuwait-based Al Jazeera Airways group announced it has registered USD28 million in net profit for the July-September period of this year, an increase by 22.6 percent compared to the same ...

 Oct 23 2014 - Qatar- Lekhwiya defeat Al Wakra, Wolves heldThe Peninsula
(MENAFN - The Peninsula) Lekhwiya defeated Al Wakra 2-0 at their home ground here yesterday while Al Sadd were held 1-1 by Al Sailiya.Vadimir Weiss scored in the 68th minute for Lekhwiya and Ahmed ...

 Oct 23 2014 - Ooredoo Kuwait net profit falls by almost half in Q3MENAFN
(MENAFN) Ooredoo Kuwait, the country's No.3 telecom operator by subscribers, announced that its net profit fell by nearly half during the July-September period, Gulf Business reported.The ...

 Oct 23 2014 - Coach asks Qatar to give it all against DPR KoreaThe Peninsula
(MENAFN - The Peninsula) Qatar's coach Felix Sanchez Bas has called on his players to give their all one-last time ahead of today's AFC U-19 Championship final against three-time winners DPR Korea. ...

 Oct 23 2014 - Qatar- Handball: Doha gears up for Asian Club LeagueThe Peninsula
(MENAFN - The Peninsula) Defending champions Al Jaish - thanks to the draw - have managed to avoid a meeting with local opponents Lekhwiya and Al Gharafa in the group stage of the 17th Asian Clubs ...

 Oct 23 2014 - QIMC posts USD38.88m net profit in SeptemberMENAFN
(MENAFN) Qatar Industrial Manufacturing Company (QIMC) revealed the interim financial statements for the period ending in September 30, this year, QNA reported.The interim financial statements ...

 Oct 23 2014 - Qatar will deliver an impressive 2022 World Cup, says BrescianoThe Peninsula
(MENAFN - The Peninsula) Australian midfielder Mark Bresciano is confident that Qatar will deliver an 'impressive' World Cup eight years down the line.Bresciano, who has been playing for the last two ...

 Oct 23 2014 - Qatar- QP hosts team from Kuwait Oil CompanyThe Peninsula
(MENAFN - The Peninsula) Qatar Petroleum (QP) recently hosted a delegation from Kuwait Oil Company (KOC) who visited Qatar to gain insights on QP's marine activities and port operations.Mubarak ...

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