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Qatar Stock Exchange (QSE) and Qatar Development Bank (QDB) today signed a Memorandum of Understanding (MoU) to promote collaboration between the two sides.
The MoU was signed by Qatar Stock Exchange’s CEO, Rashid bin Ali Al-Mansoori, and Abdulaziz Al-Khalifa, CEO of Qatar Development Bank. The two parties have pledged to work together to collaborate in identifying small and medium sized enterprises (“SMEs”) for possible listing on the Qatar Exchange Venture Market (“QEVM”).
The objectives of the Parties to this MoU are to coordinate and build upon existing activities to best support the development of QEVM; to ensure that participating SMEs can effectively draw upon the expertise of each Party; and to avoid duplication of effort across organizations.
Mr. Rashid bin Ali Al-Mansoori, CEO of Qatar Stock Exchange, welcomed the signing of the agreement as a basis for close cooperation with QDB to promote awareness of the benefits of listing SMEs on QE Venture Market and said:
Since QDB and QSE share the same objectives in terms of supporting SMEs and acknowledging their importance to sustainable economic development and in accordance with QNV 2030; this MoU establishes a framework between both parties to coordinate and build upon existing activities to best support the development of SME’s .