By Eslam Salem
Qatar – Mubasher: The Qatar Stock Exchange (QSE) is prepared at the technical level for listing new companies, said CEO Rashid Bin Ali Al Mansoori.
In an interview with Mubasher, the top executive added that it is currently difficult to expect certain timings for the new listings.
Some companies filed with Qatar Financial Markets Authority (QFMA) for flotation of their shares on the local bourse and the regulator is currently looking into them, according to Al Mansoori.
Qatar plans to execute projects worth hundreds of billions of dollars in the coming years, said the CEO, adding that sukuk and bonds would be a main financing method.
Qatar is able to capitalise on its financial strength to achieve the targeted economic diversification. Both public and private companies should play a key role in bringing about the economic diversification through contributing to bond issuances, according to Al Mansoori.
The CEO said Tuesday in an interview with CNBC that the Qatari bourse’s current performance does not reflect the country’s economy, adding that stocks steadied despite the fall in oil prices to below the $40 per barrel level.
Translated by Sayed Abdel Rahman
