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-QIA announces allocation of QAR 1 billion to the market making initiative for QSE licensed market makers
-Move is part of QIA's commitment to support Qatar's financial markets ecosystem.
Doha, May 23, 2023: Following the successful launch and initial implementation of QIA's market making initiative in September 2022, Qatar Investment Authority (QIA), today, is pleased to announce the establishment of a permanent market-making program at the Qatar Stock Exchange (QSE).
In 2022, QSE saw the largest foreign investment flows in its history. On the back of this success, QIA is committing up to QAR 1 billion to the establishment of a permanent market-making program to support the continuation of this momentum and contribute to the growth of the Qatari economy.
The commitment is set to run over the next five years, and will cover 90% of the size of the market capitalization listed on QSE.
The permanent program will help enhance liquidity in the market, improve price discovery, and diversify the capital markets in Qatar. Through increased investor confidence, the program will support to attract further foreign asset managers to invest in Qatar.
The commitment from QIA aligns with its mandate to support the development of a competitive Qatari economy.
In its wider reform strategy, QSE is working to attract a greater number of listings, introduce more ETFs, improve ESG disclosures and derivatives to help investors diversify their portfolios and better manage their investment risks.
QSE is working closely with Qatar Financial Markets Authority (QFMA) and Qatar Central Securities Depository (QCSD) on its wider reform strategy.