DOHA BANK LAUNCHES INVESTMENT FUND TRACKS THE ROLLING STOCK INDEX

Publisher: Al Watan

Date : 09 March 2015

Doha Economic homeland announced Doha Bank, yesterday, its intention to launch a fund to invest traces the Qatar Exchange index in partnership with funds company, as a director of the Fund and the Company Group Securities, which will act as the provider of liquidity. was held yesterday a ceremony during which the signing of an agreement to appoint a director of fund of funds company and the license of the bank by the Qatar Stock Exchange Fund that 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. On this occasion, Dr. R. said. Seetharaman: will be rolling investment, which is still waiting for regulatory approvals Fund, keeps track of the Qatar Exchange index, and immediately upon its adoption by the Qatar Stock Exchange, will be listed on the Qatar Exchange; where will allow investors an opportunity to benefit from the performance index includes several listed companies shares in one deal, Doha Bank is pleased to appoint 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, 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 Exchange Traded Funds. welcomed Rashid Al Mansouri, CEO of Qatar Exchange, the intention of the bank's progress to regulators license application to the Fund, He expressed his congratulations to the partners of being one of the first who committed to obtain a license from the market that the fund tracks the Qatar Exchange index He continued by saying: After approval of this Fund by regulators, will investors can trading units that follow the index comprises 20 stocks, and this fund provides the opportunity to take advantage of alternative strategies for trading, that 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, and should be commended for the partners in this initiative for taking this important step towards the inclusion of this new category of investment products in Qatar Exchange. In a statement commenting on the event said Sheikha Hanadi Nasser Bin Khaled Al Thani, Founder and Chairman of funds company: put funds company since its founding new standards by adopting pioneering initiatives in the field of investment and asset management in Qatar and the Middle East and North Africa, has helped deliberate and disciplined approach to highlight the company funds the financial institution committed to excellence, and cherish Pthalphena with Doha Bank and Securities Group in this new initiative, and we look forward towards the promotion of our products which we bring investment in the region. He also expressed Hamad bin behind Moudadi, Group Chairman 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 market Local. Ocharalmedada and 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.