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In a new recognition of the progress achieved by Qatar Exchange at various technical, regulatory and operational levels, Qatar Exchange today obtained full membership in the World Federation of Exchanges (WFE) after it had been a Correspondent Member for many years.
In a speech delivered to the WFE 53rd Annual Meeting being held in Mexico, Mr. Rashid Bin Ali Al-Mansoori, CEO of Qatar Exchange, expressed his gratitude and happiness to grant Qatar Exchange full membership in the World Federation of Exchanges and considered it a new step in the context of integration with the global financial markets and stock exchanges.
Al-Mansoori added “I’d like to use this opportunity to thank you, the Board and all my colleagues here for accepting Qatar Exchange for full membership of the WFE. We are happy to be part of an organization that represents markets worldwide that are fair, transparent, well regulated and that play an important role in the economies of our respective countries.”
In just over 15 years we’ve made significant progress. Our listed companies represent a good part of our domestic economy, local investors are active and increasingly sophisticated and more and more, international investors are attracted to our market by the strong economy of Qatar and the reliable market infrastructure, Al-Mansoori stated.
Mr. Al-Mansoori confirmed Qatar Exchange commitment to implement the best international standards, pointing out that the acceptance in the WFE membership has been achieved as a result of remarkable developments and commitment with best international practices in terms of providing better services to local and international investors, which was reflected in upgrading the Qatari market status by MSCI into an emerging market.
It is worth mentioning that the membership of the World Federation of Exchanges reflect the commitment of member stock exchanges with the generally accepted international standards to allow attracting more investment. The WFE membership is an important reference for many international investors about the investment atmosphere in the member markets because the membership reflects the member exchanges’ commitment to implement the best international practices and standards.
