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Qatar's Bourse Could Sell Shares to Public -Paper - ASHARQ AL-AWSAT English Archive
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DUBAI (Reuters) – Qatar’s stock market could be converted into a company and sell shares to the public, Doha-based daily the Peninsula reported on Wednesday, citing unnamed sources.

Regulations to allow the Doha Securities Market to become a company wholly owned by the government were in process, the newspaper said in.

“The law allows the minister to offer part of the government shareholding in the company to the public and list it,” a source was quoted as saying.

“The idea to list the exchange is inspired by the fact that it is a profit-making venture and its income is expected to keep growing with more companies seeking listing in the future,” the paper said.

Dubai Financial Market Co DFM.DU became the first Arab bourse to sell shares in a public and private offering at the end of 2006.

In November, Saudi Arabia appointed a board of directors for a state-owned company that will run its Tadawul stock exchange, the largest market in the Arab world, in a step toward a planned IPO.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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