Qatar Exchange CEO Stresses Importance of Transparency in Markets

Doha, January 27 (QNA) - CEO of Qatar Stock Exchange Rashid bin Ali Al Mansoori, stressed Tuesday the importance of disclosure and transparency for financial markets and investors. During a meeting organized by Qatar Stock Exchange with representatives from Qatar Financial Markets Authority (QFMA) and the Qatar Central Securities Depository (QCSD), Al Mansoori said that transparency was a key element in the success of any financial markets. It also helps investors gain confidence in that market itself, he added. Discussing companies listed on Qatar Stock Exchange, the CEO said that they have made great strides in the implementation of international standards in terms of disclosure and transparency and the development of dedicated Investor Relations (IR) departments and websites, noting that such measures have great impact on the companies. He added that such departments play a key role in increasing investor confidence. Al Mansoori then stressed that Qatar Stock Exchange were committed to supporting the companies in their efforts to develop the services provided to investors and inviting them to take advantage of modern technology of websites and social networks to gain access not only to their existing investors, but also to reach and attract new investors. (QNA)