Qatar is streamlining investment and business initiatives by providing support for commercial companies as part of efforts to boost confidence and enhance partnerships with private sector for building a competitive and diversified economy.
This was announced by the Ministry of Commerce and Industry at a workshop 'Public Shareholding Companies Listed on the Stock Market'. Discussions focused on how to enhance co-operation to support listed companies and enhance their performance and contribution to the economy.
At present, there are 46 listed companies on the local bourse and more are in the pipeline, including some family-owned enterprises. Moreover, there is also a junior bourse Venture Market with eased listing norms and conditions for the small and medium enterprises.
Qatar Financial Center has already indicated its authorised firms are expected to contribute 5% of market capitalisation of the QSE over a period of five years.
The workshop brought together representatives of the Qatar Stock Exchange, Qatar Financial Markets Authority and Qatar Central Securities Depository, along with businessmen, entrepreneurs and representatives of Qatar-based local and international auditing firms.
It touched on the important contribution of shareholding companies to the national economy, as well as the services that the ministry offers to listed public shareholding companies, and its efforts to develop, support and enhance communication with these companies.
The ministry’s representative elaborated on the services that it offers and the role of the company affairs department’s employees, who attend and monitor general and extraordinary general assembly meetings of public and private shareholding companies, which reached a total of 162 meetings since the beginning of 2019.
