Yesterday Investment Holding Group was listed on Qatar Stock Exchange (QSE) to raise the number of listed companies to 45.
Mr Mohamad Ghanim Al-Hodaifi,Deputy CEO of Investment Holding Group, rang the market-opening bell today to celebrate the listing on Qatar Stock Exchange. The ceremony was also attended by Mr. Misnad Abdul Latif Al-Misnad, CEO of Qatar Central Securities Depository, in addition to several officials and representatives from the financial sector.
Mr. Rashid bin Ali Al-Mansoori,CEO of Qatar Stock Exchange, expressed his pleasure to list Investment Holding Group and said that the listing would stimulate other family companies to go public on QSE.
We are pleased to welcome Investment Holding Group into the family of listed companies on the exchange. Investment Holding Group is a company that will increase exchange depth and brings new opportunities to the investing public. The listing demonstrates the interest of family businesses in listing on Qatar Stock Exchange, which is largest MSCI-emerging market in the Middle East.” Al-Mansoori said.
There has been a great deal of interest in the recent period to transform family companies to public shareholding companies and that there are a number of family companies that have applied for listing on QSE, which is ready to receive family businesses whether in the main market or in the Venture Market dedicated to small and medium enterprises,” Al-Mansoori highlighted.
Commenting on the event Mr.Al-Hodaifi said:
I would like to take this opportunity to thank the QFMA and QSE managmnet, as well as their respected team members, for all their efforts in making this listing a reality. We look forward to continuing our cooperation with them to further strengthen Qatar’s financial market position.
The listing was a milestone in the history of Investment Holding Group and a reinforcemnet of the company’s reputation and growth, and we encourage family companies to be listed on QSE to benefit from the various investment advantages and advanced infrastructure,” Al-Hodaifi added.
Investment Holding Group has a share capital of QAR 830,000,000 divided in to 83,000,000 ordinary shares and each Share has a nominal value of QAR 10. All Shares are fully paid up, its business activities is to operate as a holding company, serving as the legal owner of the Portfolio Companies.