Global portfolio investors view Qatar as investment destination

Despite difficult market conditions across the world, global portfolio investors continue to view Qatar as an exciting investment opportunity, says Qatar Exchange (QE).

The QE concluded in New York a two-day forum last Thursday, during which several meetings were held between the companies listed on QE and investment fund managers to support the further development and practice of QE’s listed companies’ investor relations.

The forum, organised in cooperation with Morgan Stanley was designed to complement the companies’ ongoing investor relations activities through providing an opportunity for the senior management of the listed entities to meet key decision makers from a number of the world’s largest international fund managers. The forum attracted enthusiastic response, the QE said.

With 12 listed companies, representing nearly half of the QE market capitalisation, the Qatari companies participating were: Qatar National Bank, Doha Bank, Qatar International Islamic Bank, Masraf Al Rayan, al khaliji Commercial Bank, Qtel, United Development Company, Gulf Warehousing, Qatar Insurance, Qatar Navigation, Qatar Electricity and Water Company (Kahrabaa), and Vodafone Qatar.

Abdulaziz Al Emadi, Listing Director at Qatar Exchange, described the event as a very suitable occasion to offer investors and listed companies on QE the opportunity to meet each other in this focused one-on-one environment.

“There is significant competition for attracting investments in the international capital markets and we expect that our listed companies will benefit from the opportunity to better inform the market about their corporate strategy.  For fund managers the benefit is unrivalled access to the decision makers who are driving the growth of some of Qatar’s largest companies and contributing in a significant way to Qatar’s growth”, he said.

The occasion provided a real opportunity for the Qatari equity market to outline to the local and international investors the significant achievements for QE since the signing of the strategic partnership with NYSE Euronext and reiterate the current plans which involve building on the developed infrastructure and products in line with the international practices, the QE statement said.

Article by Links Group on Nov 21st 2011