Qatar Stock Exchange (QSE) is expecting two more companies to list their shares in the Qatari bourse in this year. The bourse will is also likely to see listing of two Exchange Traded Funds (ETFs) in the current year, said a senior official of QSE.
“There are two ETFs coming and these are to be listed on the stock exchange. We are also expecting two other companies to list this year,” said Rashid bin Ali Al Mansoori, CEO of QSE talking to media persons on the sidelines of the 2nd Annual IR (Investor Relations) Excellence Program Awards.
The launch will be a major step for Qatar based investors as ETFs will provide them more options to invest their money. The first ETF will be from 'Doha Bank and Amwal' while the second will be from Al Rayan ETF.
One of the ETFs is expected to be listed in the first half the current year and the stock exchange is fully ready technologically to support ETF listing.
“ETF is on the pipeline and in the final process and hope to see listing this year. We are looking for the listing of at least one ETF in the first half (of this year). It all depends on the ETFs themselves and how they process. As a stock exchange we are ready with technology and other support systems to accept them and it is up to them now,” he added.
Qatar’s bourse witnessed a strong start this year in terms of listing as The Investment Holding Group (IHG) early last month launched its initial public offering (IPO) for listing on the QSE. IHG became the first Qatari family company to get approval for listing on QSE and hit the market to sell 60 percent of its equity to local investors by offering 49.8 million shares valued at QR490.8m.
