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FINANCIAL NEWS
Qatar Holding raises stake in Qatar Exchange to 88%
05 Dec 2012
(MENAFN) Qatar Holding, the country’s sovereign wealth fund, has increased its stake in Qatar’s bourse by 8 percent to 88 percent, reported Arabian Business.
Qatar Holding bought the stake from NYSE Euronext, the owner of the New York Stock Exchange, which in 2009 acquired a 20-percent stake in the Qatar Exchange (QE) for USD200 million as part of a strategic deal to convey knowledge and develop the local exchange, and now holds the remaining 12 percent stake.
According to official sources at Qatar Exchange, the Doha-based stock market has 42 listed firms at the current time and its market capitalization exceeds USD127 billion.
It is worth noting that NYX would stay a main partner in QE and will carry on providing all the technological support required to keep the exchange’s pioneering position among the region’s financial markets.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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