“We are pleased to welcome Investment Holding Group into the family of listed companies on the exchange. Investment Holding Group is a company that will increase exchange depth and bring new opportunities to the investing public,” al-Mansoori said yesterday during Investment Holding Group’s listing ceremony.
Investment Holding Group deputy CEO Mohamad Ghanim al-Hodaifi rang the market-opening bell yesterday to celebrate the firm’s “milestone.” Al-Mansoori said the listing, which brings the total number of QSE-listed companies to 45, “demonstrates the interest of family businesses in listing on the QSE.”
“There has been a great deal of interest in the recent period to transform family companies to public shareholding companies and that there are a number of family companies that have applied for listing on the QSE, which is ready to receive family businesses whether in the main market or in the venture market dedicated to small and medium-sized enterprises (SMEs),” al-Mansoori said.
Speaking on the sidelines of the ceremony, al-Mansoori said another company “is ready to be listed,” adding that the investment funds of Doha Bank and Masraf Al Rayyan are also gearing up for listing this year.
He highlighted the growing interest of international portfolios to invest in the QSE, with the number increasing this month to more than 70. As for the listing of SMEs, al-Mansoori said the QSE “is ready to receive and list them,” and noted that a group of SMEs have already applied to be listed.
QSE Listing Department director Abdulaziz Nasser al-Emadi said by listing on the QSE, family businesses can enjoy several benefits such as financing, advertising, or the advantages of the company rating itself.
The QSE is ready to provide any service, whether educational or advisory, to help companies in the offering and listing processes, said al-Emadi. “The current time is very suitable for listing on the stock exchange. All conditions are positive, healthy and the state’s economy is in good shape,” he emphasised.
Al-Hodaifi said: “I would like to take this opportunity to thank the QFMA and the QSE management, as well as their respected team members, for all their efforts in making this listing a reality. We look forward to continuing our cooperation with them to further strengthen Qatar’s financial market position.”
He added: “The listing was a milestone in the history of Investment Holding Group and a reinforcement of the company’s reputation and growth, and we encourage family companies to be listed on the QSE to benefit from the various investment advantages and advanced infrastructure.”
Investment Holding Group has a share capital of QR830mn divided into 83mn ordinary shares and each share has a nominal value of QR10. All shares are fully paid up, its business activities is to operate as a holding company, serving as the legal owner of the portfolio companies.
