Qatar Stock Exchange and Qatar Development Bank have launched a new financing program to cover the costs of listing companies on the Qatar Stock Exchange for startup companies.
The two parties will work together to implement this financing program in order to assist promising small and medium-sized companies in the process of listing their business on the Qatar Emerging Companies Exchange (QEVM), to become publicly listed companies, and to trade their shares to the public of investors. The program aims to support small and medium-sized companies that meet the minimum requirements for listing, in addition to the regulatory and financing requirements, as the listing will help provide new financing opportunities for entrepreneurs, ensuring diversification of financing sources, and providing an additional alternative to traditional financing programs to enhance the national business system and the state’s endeavors. in supporting the private sector. The Qatar Stock Exchange and Qatar Development Bank will also work to enhance cooperation between them to develop the Qatar Stock Exchange for startup companies, with the aim of ensuring that relevant small and medium-sized companies benefit effectively from the experience of each party, as the two parties will seek to support the listing and market its benefits, in addition to holding joint seminars and developing training programs from In order to enhance the capacity of small and medium-sized companies, and prepare them for listing on the Qatar Stock Exchange for startup companies. Mr. Abdulaziz Nasser Al-Emadi, Acting CEO of the Qatar Stock Exchange, expressed his thanks and appreciation for the unlimited cooperation shown by Qatar Development Bank in establishing this important financing program to support small and medium-sized companies and help them get listed, and for the pivotal role played by the Development Bank in supporting this sector. Importantly, he also expressed his welcome to the signing of the Memorandum of Understanding as a basis for close cooperation with Qatar Development Bank, aimed at enhancing awareness of the benefits of listing small and medium-sized companies on the Qatar Exchange designated for these companies, based on the principle that the Qatar Stock Exchange and Qatar Development Bank share one goal, represented in Supporting the success of small and medium enterprises, and their economic contribution to the national economy, in line with the strategy of economic diversification and self-reliance in accordance with the Qatar National Vision. For his part, Mr. Abdul Rahman Hisham Al Suwaidi, Acting CEO of Qatar Development Bank, stressed the importance of this step and its role in strengthening the national entrepreneurship system, adding: "This step with the Qatar Stock Exchange comes as a continuation of our endeavors at Qatar Development Bank to support male and female entrepreneurs in small and medium-sized companies in the State of Qatar, and to provide access to the necessary means of financing through the various programs and services provided by the bank, including direct and indirect financing and investment. We are also pleased today to crown the cooperation With the Qatar Stock Exchange by launching this new financing program, which will contribute to diversifying financing sources for small and medium enterprises, and enabling them to grow and contribute to the national economy on a larger scale.". The financing program is characterized by competitive profit rates, a flexible repayment period with a long grace period, and financing that covers up to 70 percent of the costs related to the listing process. All small and medium-sized companies in Qatar can apply for this program through the application window on the Qatar Stock Exchange, or through the special website. on the Qatar Stock Exchange.
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