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Rashid bin Ali Al Mansoori receiving the award.
DOHA: Qatar Exchange (QE) has won the very prestigious “Exchange of the Year” award for the Middle East from Global Investor. The announcement was made at the Global Investor Summit and Awards here yesterday.
The award ceremony was crowned with awarding QE the title of the best stock exchange in the MENA region.
Rashid bin Ali Al Mansoori, CEO of QE, received the award and expressed his delight to winning this award and for considering Qatar Exchange the best exchange in the region despite the strong competition in the capital market and financial sector.
“We are very proud to be recognised for all of our efforts and contributions in developing the capital market and supporting the economy in line with Qatar’s National Vision 2030. Going forward we remain as committed as ever to improving our standards and policies in line with the best international practices in order to provide investors with quality services and diversified products.”, Al Mansoori said.
“We are so proud of QE and all that it has accomplished over the past year. QE is a sound and stable financial institution that benefits from strong regulation. We offer different investment opportunities for our investors whether they are Qatari or non-Qatari, retail or foreign. This award highlights the fact that the Qatar Exchange is a significant player in the regional exchange space. Winning this award means being recognised for all the hard work we have achieved and it makes our drive and determination to continue with even more success that much greater”, he added.
Each year Global Investor honours the top firms in the capital markets sector from across the MENA region. This is the second time that Qatar Exchange has won the “Exchange of the Year” Award, the first time being in 2010 when the summit was held in Dubai. Each year investors are contacted to nominate the stock exchange in the MENA region that they feel is most deserving of the title best exchange in the MENA region. Later, participating in a panel discussion on “GCC Stock Exchange Improvements”, Mohsin Mujataba, Product & Market Development Director of QE noted that over the course of the past year, QE has enhanced the quality and depth of the market
QE has also worked to address the liquidity challenges by introducing securities lending and borrowing and liquidity provision schemes. It also launched the Venture Market, which is a junior market dedicated to the SME industry and issued new Indices to offer greater choices to investors.