DOHA: Qatar Exchange (QE), in collaboration with QNB Financial Services and Bank of America Merrill Lynch, yesterday completed a two-day roadshow, the first leg of a week-long exercise also including London, said a press statement.
The joint initiative aims at supporting the further development and practice of QE’s listed companies’ investor relations. QE said that Qatar’s fiscal stimulus and financial stability would have positive influence on attracting foreign investment portfolios.
The forum is designed to complement the companies’ ongoing investor relations activities through providing an opportunity for the senior management of listed companies to meet key decision makers from a number of the world’s largest international fund managers.
The forthcoming inclusion of Qatar in the MSCI Emerging Market Index provided a unique opportunity for Qatar to showcase its market-leading listed
companies at a time when the profile of Qatar was set to be raised further.
Over the two days through a combination of one-to-one and group meetings the listed companies met with over 50 fund managers representing 43 major institutions. Those institutions represented the most important funds allocating money to Qatar, the GCC and the broader emerging markets. In aggregate the event hosted 140 meetings.
The delegation from Qatar was led by Rashid Al Mansoori, CEO of Qatar Exchange, who delivered an introductory speech, in which he clarified why Qatar would be a distinctive investment destination: “Average compound growth of 8.5 percent over the last three years and forecast real GDP growth of 6.8 percent for 2014, accelerating to 7.8 percent in 2016, as the implementation of large infrastructure projects picks up and the fast growing population boost domestic demand. Large infrastructure projects will support growth going forward. This historic and future growth is higher than all our GCC counterparts.”
Al Mansoori added that the Qatar’s fiscal stimulus would have positive influence on attracting foreign investment portfolios. “A combination of structural capital account and trade account surpluses provides a backdrop to the investment climate that cannot be matched in the region or emerging markets universe.