Qatar’s roadmap to ‘developed market’ standing in focus at HSBC-QSE London summit

Members of Qatar’s delegation in the course of the summit, in London, just lately.

Doha: Qatar’s speedy financial diversification and capital markets growth was highlighted at an HSBC-hosted convention in London final week, bringing collectively the Center East’s greatest inventory exchanges. The rise of international possession in listed corporations to one hundred pc, greater ranges of market exercise, and financial development and diversification throughout the broader GCC area was recognised as a robust regional financial catalyst for the State.

The convention, the primary pan-regional inventory alternate occasion hosted by HSBC Financial institution Center East, related the exchanges in Qatar, Kuwait, UAE and Saudi Arabia with worldwide traders, Center East policymakers and stakeholders from throughout the private and non-private sectors.

Qatar was represented by Business Financial institution of Qatar, Doha Financial institution, Gulf Warehousing, Masraf Al Rayyan, Nakilat, Ooredoo, Qatar Insurance coverage Firm, Qatar Nationwide Financial institution, Gulf Worldwide Providers, Msaieed, Industries Qatar, Qatar Aluminium Manufacturing Firm and Vodafone listed on the Qatar Inventory Trade (QSE).

“Having world class international banking and markets capabilities within the Center East is how we helped shoppers within the area elevate greater than $19bn from traders worldwide in 2021, inserting us on high of Bloomberg’s fairness and debt rankings in 2021,” stated Stephen Moss, Regional Chief Government for the Center East, North Africa and Turkey (Menat).

Subjects on the agenda included ESG, fairness capital markets, international vitality demand, and financial diversification throughout the area, in addition to the financial and social growth legacy that internet hosting the FIFA 2022 World Cup may have on Qatar’s future. The latter was mentioned at a particular session entitled: “Greater than a Recreation – What does internet hosting the World Cup imply for Qatar?” led by Fatma Al Nuami, Government Director on the Supreme Committee for Supply & Legacy.

See also  Mannai Company posts QR489m gross revenue on consolidated income of QR2.6bn

“The purpose to realize developed market standing in Qatar is a part of the nation’s ambition to be a world-class worldwide market, and supply a diversified vary of funding and buying and selling alternatives for worldwide traders. HSBC was the primary financial institution to determine an funding banking platform and introduce institutional fund companies within the nation in 2005, and ever since has performed an necessary position in bringing best-in-class practices for worldwide traders to the Qatari market,” stated Abdul Hakeem Mostafawi, Chief Government Officer of HSBC Qatar.

“Qatar Inventory Trade’s strategic focus is to proceed to enhance natural liquidity out there and complement that with infrastructure developments. We now have an enormous position to play to supply an environment friendly and dependable platform for sustainable financial diversification in assist of the Qatar Nationwide Imaginative and prescient 2030,” stated Tamim Al Kuwari, Chief Government Officer of QSE.

HSBC Qatar and Qatar Inventory Trade have an extended historical past of partnership selling international portfolio funding in Qatar, and are recognised as thought leaders within the area. That is particularly so within the rising self-discipline of ESG reforms and sustainability methods, which have grow to be a mainstream concern for traders and issuers alike.