Qatar Stock Exchange CEO reelected board member of World Federation of Exchanges
07 Sep 2017 - 15:51
Qatar Stock Exchange CEO Rashid bin Ali Al Mansoori (file photo)
Doha: Qatar Stock Exchange CEO Rashid bin Ali Al Mansoori was reelected a board member of the World Federation of Exchanges (WFE) during its 2017 annual meetings held in Bangkok, which also resulted in the election of board members representing the world's different regions: the Americas, Asia-Pacific, and Europe-Middle East-Africa, QSE said Thursday in a statement.
Al Mansoori was elected by the WFE general assembly to represent the Europe-Middle East-Africa region for a three-year term.
The QSE CEO expressed his satisfaction for being elected as a board member of WFE, which is the largest international platform for world stock, futures and options exchanges.
"Winning the elections for the post of WFE board member is an important achievement for Qatar Stock Exchange and an indication of its prominent regional and global position," Al Mansoori said.
"We are happy to be part of an organization that represents markets worldwide that are fair, transparent, well-regulated and that play an important role in the economies of our respective countries."
WFE is a central reference point for the securities industry, and for exchanges themselves. It offers members guidance on their business strategies, and on improvements and harmonization of their management practices.
In addition, it develops and promotes standards in markets, publishes research on topical subjects, supports reform, international cooperation and coordination among regulators. WFE exchanges are home to more than 45,000 listed companies and the WFE statistics database covers more than 350 indicators and 70 years of data from exchanges worldwide.
Al Mansoori held on Wednesday and Thursday several meetings with senior officials of a number of Arab and international stock exchanges and addressed a number of issues of concern to exchanges and investors.
WFE reflects the commitment of member stock exchanges to generally accepted international standards to promote investments. WFE is an important reference point for many international investors about the investment atmosphere in the member markets.
Established in 1995, the Doha Securities Market (DSM) officially commenced operations in May 1997. Since then, it has grown to become one of the leading stock markets in the GCC region. DSM was later renamed the Qatar Stock Exchange (QSE). It currently has 45 listed companies and its market capitalization is over QR 600 billion. The primary aim of QSE is to offer local and international investors a platform through which they can trade fairly and efficiently.