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Qatar Holding restructures board of directors of Qatar Stock Exchange

Qatar Stock Exchange

Qatar Holding has decided to restructure the board of directors of the Qatar Stock Exchange, headed by the Minister of Commerce and Industry Sheikh Mohammed bin Hamad Al Thani.

The decision stipulated the appointment of Mansour Ibrahim Al Mahmoud as Vice President of the Stock Exchange.

The decision also stipulated appointing seven members: Hamad Khalaf Al-Maadidi, Andre Wynt, Sheikh Salman bin Hassan Al-Thani, Tamim Hamad Al-Kuwari, Waleed Jassim Al-Muslim, Youssef Mohammed Al-Jaidah, and Rashid Ali Al-Mansoori.

Qatar Stock Exchange was established in 1997, and it currently has full membership in the World Federation of Exchanges and the Arab Federation of Exchanges. It currently consists of 43 companies.

The market value of shares traded on the Qatar Stock Exchange reached $175.29 billion last August. This was the highest in five years.

In a related context, despite the repercussions of the pandemic, the Qatari Stock Exchange was able to achieve gains during the year 2020, according to what the Al-Sharq local newspaper reported on the CEO of the stock exchange, Rashid bin Ali Al-Mansoori, at the beginning of this year.

The general index of the Qatar Stock Exchange recorded a gain of 15.4% since the beginning of this year. It also attracted foreign investments estimated at $1.86 billion since the beginning of the year until mid-November.

The performance of the Qatar Stock Exchange matched expectations that indicated that it was on the verge of new heights, which prompted investors to increase their purchases of shares with the clarity of the market direction, according to the newspaper.

Qatar Vision 2030

By Emiri Resolution No. 44 of 2008, the comprehensive development vision for Qatar (Qatar National Vision 2030) was approved, considering comprehensive development as the primary goal to achieve progress and prosperity for citizens.

Qatar Vision 2030 aims to transform Qatar into an advanced country capable of achieving development sustainable life and to ensure the continuation of a decent life for its people, generation after generation.

This vision is concerned with the targeted results, not with the details of access to them, as it provides a general framework through which national strategies and more detailed implementation plans are prepared.

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