Monday 30 May 2011

Qatar to Set Up Junior Market for Small, Medium-Sized Companies - Bloomberg

Qatar plans to create a secondary market at the Qatar Exchange for small and medium-sized companies, the bourse said today in a release on its website.

The May 25 decision by the Supreme Council for Economic Affairs and Investment would increase small and medium-sized companies’ “efficiency and enhance their role, so they will be able to occupy advanced positions regionally and internationally,” the Qatar Exchange’s vice chairman, Ahmad Al- Sayed, said in the statement.

The regulations for listing on the junior market will be “lighter” and more “flexible” than the regulations for listing on the main Qatar Exchange, the bourse said.

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