Qatar’s safe haven status attracts global investors – The Peninsula

Qatar’s safe haven status attracts global investors – The Peninsula

Qatar remains one of the most promising markets in the region for 2022 in the build up to the 100 percent Foreign Ownership Limit (FOL) implementation, the FIFA World Cup Qatar 2022, higher oil and gas prices and prospective future economic outlook, said QNB Financial Services (QNBFS) report.

The Qatar Stock Exchange has outperformed in 2022 and the QE Index has been the best performing index in the GCC region. The Index is also currently the fourth-best performing index globally with a total return of 26.4 percent. Qatar remains one of the most promising markets in the region and worldwide, primarily due to positive momentum. Making a reference to global safe-haven for investors, the report noted, “Among the global safe-haven alternatives for investment, the Qatar Exchange has been a key beneficiary of flight-to-safety for investors looking to sidestep the Russian crisis. Overall net investment buy activity (foreign plus GCC/Arab institutions) reached the equivalent of $2,936m, already overtaking the entire investment flows of $2,063m achieved during the full year 2021.”

The report highlighted three banks (Qatar Islamic Bank, Qatar National Bank and Masraf Al Rayan) have fully implemented their 100 percent Foreign Ownership Limit (FOL) requirements and the Qatar Central Securities Depository has