"Provider Group" liquidity to fund new investment Doha Bank

Publisher: Al Sharq

Date : 09 March 2015

Doha - East Gate
Doha Bank announced today its intention to launch a fund to invest traces the Qatar Exchange index in partnership with its capacity as manager of the Fund funds Company and Group Securities, which will act as provider of liquidity.
The ceremony was held during which the signing of an agreement appointing funds company manager of the Fund and the license of the bank by the Qatar stock exchange that the Fund tracks , following the approval by the Qatar Financial markets, stock index, and in the presence of Dr. R. Seetharaman Group CEO of Doha Bank, Mr. Rashid Bin Ali Al Mansouri, chief executive of the Qatar Exchange and Mr. Fahmi twig CEO of funds.
He welcomed Mr. Rashid Al Mansouri, CEO of Qatar Exchange, the intention of the bank's progress to regulators license application to the Fund, and expressed his congratulations to partners, being one of the first who committed to obtain a license from the market that the fund tracks the benchmark Qatar and continued by saying, "After the approval of this Fund by regulators, will investors can trading units that follow the index comprises 20 stocks, and this fund offers the opportunity to take advantage of alternative strategies for trading. The ETFs experiencing significant growth at the international level, and is now under way to prepare for the launch of a number of such funds in the State of Qatar. We must praise the partners in this initiative for taking this important about the inclusion of this new category of investment products on the Qatar Exchange steps."
In a statement commenting on the event, said Sheikha Hanadi Nasser Bin Khaled Al Thani, Founder and Chairman of funds the company "funds the company has developed since it was established new standards by adopting pioneering initiatives in the field of investment and asset management in Qatar and the Middle East and North Africa. The helped our approach thoughtful and disciplined in highlighting the funds the company as an institution committed to the financial excellence. We are proud Pthalphena with Doha Bank Group Securities in this new initiative, and we look forward towards strengthening our investment that we bring in the region."
He also expressed Mr. Hamad Bin Khalaf Moudadi, Chairman of the Group's management company Securities in a similar statement from the Group Company welcome innovation in the capital markets, given that these products will attract investors in Qatar. He said in comments he made ​​on this occasion "These products provide the opportunity for those who wish a long-term investment in the market, as they also attract traders who are interested in making a quick speculative transactions. Has been Group Securities appointment because of their considerable experience in the local market."
Mr. Moudadi pointed out that the Group company operating as a provider of liquidity basic shares since 2008, and it has all the possibilities to be able to perform this important role for the management of liquidity to these new products in the stock market. "
Said Dr. R. Seetharaman "will be rolling Investment Fund, which is still waiting for regulatory approvals, to follow Qatar's index. Once adopted by the Qatar Stock Exchange, will be listed on the Qatar Exchange, which will allow investors an opportunity to benefit from the performance index includes several listed companies shares in one deal. is pleased Doha Bank set Group Securities Co., the country's leading brokerage firm, providing liquidity to the Fund, as Group Securities will provide prices of supply and demand permanent and regular as well as coordination with the fund manager to manage the display units of the Fund on the Qatar Exchange. For its part, it will seek funds Asset Management Company, which enjoys full of record since 1998, to ensure the consistency of the fund's strategy with international standards for ETFs."