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.