QSE and QDB Sign MoU To Encourage Listing of Small, Medium Enterprises on QE Venture Market

December 14, 2017

Today, Qatar Stock Exchange and Qatar Development Bank have signed a Memorandum of Understanding. The MoU aims at promoting coordination and cooperation to encourage small and medium enterprises (SMEs) to enlist on QE Venture Market for emerging companies. This market is particularly designed to meet the needs of growth, development and regulatory flexibility required for this type of companies.

QSE CEO Mr. Rashid bin Ali Al Mansoori signed the MoU, on behalf of Qatar Exchange, while his counterpart Mr. Abdulaziz bin Nasser Al-Khalifa signed on behalf of Qatar Development Bank (QDB). Under the memorandum, the two parties pledged to work together with a positive and constructive spirit to achieve the objectives the memorandum.

The MoU stipulates joining efforts to promote cooperation in respect of the existing activities, and making use thereof for the development of the QE Venture Market.  It also aims at ensuring that small and medium enterprises benefit effectively from each other's experience, and avoid duplicating efforts.

QSE CEO Mr. Rashid bin Ali Al Mansoori welcomed the signing of the MoU, considering it a bedrock for a close cooperation with QDB. This cooperation is set to promote awareness of the benefits of listing SMEs in the QE Venture Market. Moreover, both parties have the same goal of backing up the success of SMEs and their economic contribution to the national economy, based on the strategy of economic diversification and self-reliance in line with Qatar National Vision.