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- Qatar's inflation drops 1.15% as key costs fall
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03/04/2018 08:19 AST
Amwal, the Qatar Financial Centre (QFC) authorised firm, has succeeded in listing and management of the largest exchange-traded fund (ETF) in the Gulf Co-operation Council (GCC) region, according to a top official of the QFC Authority (QFCA).
Being traded under the symbol QETF on the Qatar Stock Exchange (QSE), it is the first of its kind in the country that will measure price performance of the top 20 largest and most liquid companies on the local bourse. Established by Doha Bank and managed by Amwal, QETF has already surpassed the size of any other ETF in the GCC with an initial open-ended capital of QR150mn.
"One of the key points in our strategy was to increase growth in assets for QFC firms and we are doing just that. As Qatar's growth continues, we are expecting the ETF market to further expand, with added opportunity for more of our firms to take part in trading," QFCA chief executive Yousuf Mohamed al-Jaida said.
Qatar First Bank was the first QFC entity to be listed on the QSE. The QFC is aiming to corner at least 5% market capitalisation through the listing of its registered firms on the QSE.
Unveiling the 2017-22 roadmap, the QFC had said it would allow more sukuk, real estate investment trusts and family-owned companies to seek local listings.
Gulf Times
10/11/2016
Amwal, Qatar's first regulated investment company, and TAKAUD, the specialist provider of savings and pension solutions for the MENA region jointly announced their strategic partnership to tap the wi
The Peninsula
02/02/2016
Amwal AlKhaleej, a leading alternative investment and private equity firm, on Monday announced the successful sale of its investment in Sarwa Capital, the parent company for Contact Auto Credit to t
Saudi Gazette
11/11/2015
Amwal, Qatar's first regulated investment company and leading independent asset management firm, in collaboration with Germany's leading private bank Donner & Reuschel is launching a new GCC fund. Th
The Peninsula
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17/03/2025
Dr. Soliman Fakeeh Hospital in Jeddah continues to strengthen its leadership position in the healthcare sector in Saudi Arabia by achieving a 5-star rating in the "Global Hospital Rating" by Newsweek
Saudi Gazette
17/03/2025
Ooredoo Group and Iraqi Telecommunications and Post Company (ITPC) have signed a Landing Party Agreement to land the Fibre in Gulf (FIG) subsea cable in Iraq, establishing the country as a vital tran
Gulf Times
17/03/2025
Doha Bank proudly announces the launch of its Fintech and Innovation Hub, an initiative that underscores its commitment to advancing Qatar's financial services ecosystem and the Qatar Central Bank (Q
The Peninsula
17/03/2025
Investcorp Capital, a major investor in private markets and alternative investment opportunities, has announced that it has acquired a major interest in a diversified portfolio of assets consisting o
Trade Arabia
17/03/2025
Bahrain-based Bank ABC (Arab Banking Corporation) has announced that its board has secured approval from its shareholders for distribution of $85.1 million as dividends for FY 2024.
This i
Trade Arabia
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia