Qatar rolls out $275M market program in latest foreign investment push
The Qatar Investment Authority is setting up a market-making initiative to draw in more foreign investor interest and build up its capital markets.
The Qatar Investment Authority (QIA), the country’s sovereign wealth fund, announced Tuesday that it will invest $275 million in an initiative to build its financial markets ecosystem.
The duration of the commitment is planned for the next five years and will cover 90% of the market capitalization, or total value of shares, listed on its Qatar Stock Exchange (QSE).
The value reached $172.50 billion with 46 traded companies as of May 23, 2023, according to QSE.
What happened: The Qatar Investment Authority is setting up a market-making initiative, which provides solutions to make a market more liquid and profitable, to the tune of $275 million (1 billion Qatari dinars) to draw in more foreign investor interest and build up its capital markets.
