Qatar’s roadmap to Developed Market status in focus at the HSBC-Qatar Stock Exchange summit in London

Qatar’s roadmap to Developed Market status in focus at the HSBC-Qatar Stock Exchange summit in London

Doha: Qatar’s rapid economic diversification and capital markets development was highlighted at an HSBC-hosted conference in London last week, bringing together the Middle East’s biggest stock exchanges. The increase of foreign ownership in listed companies to 100%, higher levels of market activity, and economic growth and diversification across the wider GCC region was recognized as a strong regional economic catalyst for the State.

The conference, the first pan-regional stock exchange event hosted by HSBC Bank Middle East, connected the exchanges in Qatar, Kuwait, UAE and Saudi Arabia with international investors, Middle East policymakers and stakeholders from across the public and private sectors.

Qatar was represented by Commercial Bank of Qatar, Doha Bank, Gulf Warehousing, Masraf Al Rayyan, Nakilat, Ooredoo, Qatar Insurance Company, Qatar National Bank, Gulf International Services, Msaieed, Industries Qatar, Qatar Aluminum Manufacturing Company and Vodafone listed on the QSE.

“Having world class global banking and markets capabilities in the Middle East is how we helped clients in the region raise more than US$19 billion from investors worldwide in 2021, placing us on top of Bloomberg’s equity and debt rankings in 2021,” said Stephen Moss, Regional Chief Executive for the Middle East, North Africa and Turkey (MENAT).

Topics on the agenda included ESG,