The Qatar Stock Exchange (QSE) is currently working with a short-list of companies that will seek approval of the regulators for listing on the QE venture markets in the coming years, CEO Rashid bin Ali al Mansoori has said.
Speaking at the 1st SMEs Conference organised by Qatar Chamber on Tuesday, he said concrete progress that has been achieved has been the association of QE with QDB in assisting Qatari SMEs associated with listing.
“Together we offer individual candidate companies help with the fees payable to listing advisors of up to $100,000 and we encourage you to investigate this option,” he said.
Underlining the importance of the QE Venture Market as a supporting tool for the development of the SME’s, Mansoori said QSE recognises the importance of the SME sector which globally provides the foundation for successful economies, contributing employment opportunities, wealth creation and increased output.
The QE Venture Market aims to back the growth of SMEs and position the bourse at the centre of the government’s support for this important sector, he said.
Mansoori recalled several stories of success where SMEs have become giant companies and playing important roles in the economies of their countries.
“The characteristics of the QE Venture Market reflect the objectives of allowing SMEs to list and raise capital more easily and cheaply than would be the case on the main market whilst retaining the trust of the investor base through a structured regulatory framework”, he said.
Given the challenging environment for financing SMEs. Mansoori said the need for innovative exchange solutions for SMEs is more apparent than ever.
He commended the QSE for becoming the second largest stock market in the region after the Saudi Market.
“Qatar Stock Exchange has seen in 2014 a tremendous increase in trading volumes following its upgrade in the MSCI to Emerging market and the listing of Mesaieed Company for trading on the exchange,” he said.
Noting that QSE has worked with the regulator (QFMA) to provide the legal framework for listing on this market, he said QE Venture Market will be open as well for the listing of regional and international small and medium size ventures.