By Shane McGinley
Exchange to showcase some of its largest listed companies in bid to lure London investors
Qatar Exchange (QE) is planning to hold a forum in London next week to showcase some of the largest Qatari companies listed on the exchange in bid to lure foreign investors.
In collaboration with Deutsche Bank, the two-day event will begin in London on Tuesday, November 2.
“The forum is designed to complement the companies’ ongoing investor relations activities through providing an opportunity for the senior management of listed companies to meet key decision makers from a number of the world’s largest international fund managers,” the QE said in a statement on its website.
The listed companies participating in the talks include Qatar National Bank, Doha Bank, Industries Qatar, Qatar Gas Transport, Ezdan, Commercial Bank, Q-Tel, Al Khaliji Bank, Barwa Real Estate Company, Aamal, United Development Company, Qatar Islamic Bank and Qatar Insurance.
The participating companies collectively represent around 80 percent of the market capitalisation of the Qatar market and the forum will be attended by around 50 UK-based investors.
QE’s CEO Andre Went said “the format of the event is focused on giving key asset allocators and fund managers, responsible for investment decisions in the GCC and MENA regions, dedicated access to our listed companies and increasing their understanding of the growth potential of these companies and Qatar as a whole.”
Earlier this week, the QE announced that the net profit of companies listed on its bourse amounted to QR23bn ($6.31bn) in the first nine months of the year, an increase of 18.07 percent on the year-earlier period.
Of the 43 companies listed on the Qatar Exchange, 42 have disclosed their financial statements for the nine months to September 30, 2010, the QE said.