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- Gulf Bank hosts tufting, embroidery workshop for red cardholders
- Bahrain All Share Index marks 1,946.89 points
- Bahrain sees robust pipeline of financial institutions: 16 new financial institutions licensed, 52 in progress
- Qatar Insurance company issues USD 500 million Tier II Bond
- 'Results of QSE listed companies to have positive impact on performance'
- Businesses in Japan opt to renovate aging facilities, not build new ones
- MPHC restructures partnership for salt production facility in Qatar
- Dubai school operator Taaleem moves closer to Dh1 billion in 2024-25 revenue
- Saudi Arabia Pledges $25 Bln Investment to Support Africa
- Gamezop to set up regional headquarters in Bahrain
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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04/07/2025
In line with its ongoing commitment to enriching the youth experience, Gulf Bank recently organized a creative workshop on tufting and embroidery arts for its red cardholders, in collaboration with t
Kuwait Times
04/07/2025
Qatar Insurance Company Q.P.S.C. (QIC) announced that it has successfully issued a USD 500 million subordinated perpetual Tier II capital bond with a fixed coupon of 6.15%.
The issuance was
Gulf Times
04/07/2025
Mesaieed Petrochemical Holding Company (MPHC) is pleased to announce a significant update following our previous announcement on 23rd September 2024. The parties has reached a mutual agreement for th
The Peninsula
04/07/2025
The Dubai headquartered school operator Taaleem is moving closer to generating revenues of over Dh1 billion for its current financial year. In the first nine months, the company's cleared revenues of
Gulfnews
04/07/2025
Americana Restaurants International, a leading quick-service and casual dining operator across the Mena region and Kazakhstan, has signed an exclusive franchise agreement with carpo - a premium Greek
Trade Arabia
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