Doha: Rashid bin Ali Al Mansoori , the CEO of Qatar Exchange, met here yesterday with H E Keejong Chung, Ambassador of the Republic of Korea, and discussed the prospects of cooperation between the two countries in the areas of capital markets and investments.
During the visit, Al Mansoori gave a presentation on the Qatar Exchange and its evolution to become one of the leading stock markets in the region and an important financial centre, attracting investors from around the world.
Al Mansoori expressed the interest of Qatar Exchange in promoting cooperation with South Korea in order to achieve the common interest of both countries and contribute to the provision of investment opportunities, stressing the desire of Qatar Exchange to attract Korean investors to Qatar.
The CEO expressed the readiness of the exchange to hold conferences and seminars in order to promote the privileges of investing in the Qatari companies listed on Qatar Exchange by Korean investors.
For his part, Chung asserted the readiness of South Korea to provide all possible assistance to expand the scope of cooperation between his country and Qatar in the areas of capital markets and corporate investments in order to go beyond the current investments in construction and energy sectors.
The Ambassador of Korea expressed his willingness and keenness to continue working with officials in Qatar Exchange to promote cooperation between the two countries in the areas of capital market investments in order to enhance further friendly relations between the two countries.
It is noted that Qatar Exchange, established in 1995, as the Doha Securities Market (DSM) officially commenced operations in May 1997. Since then the Exchange has grown to become one of the leading stock markets in the GCC region and for two consecutive years (2010 and 2011), it was the best performing stock Exchange in the GCC.
In June 2009, the DSM was renamed the Qatar Exchange. QE currently has 43 listed companies and its market capitalisation is over QR500bn ($127bn). The primary aim of QE is to support Qatar’s economy by giving investors a platform through which they can trade fairly and efficiently. QE is regulated by the Qatar Financial Markets Authority. QNA
