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.
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