QE stresses importance of disclosure and transparency

01/06/2016 08:02 AST

Qatar Exchange (QE) yesterday held the 2nd Annual Consultative Meeting on Disclosure Procedures with several stakeholders and stresses the importance of disclosure and transparency for investors and the financial market.

The meeting was held with the participation of representatives from the Qatar Financial Markets Authority (QFMA) and the Qatar Central Securities Depository (QCSD), and the presence of representatives from various listed companies.

The initiative was aimed to promote cooperation and coordination between communication officers of the listed companies and the QFMA, QCSD, and QSE for the best interest of investors through exchanging views and listening to suggestions from the participants in order to overcome the difficulties encountered in the application of the best disclosure practices in the market.

Nasser Al Abdul Ghani, QE’s Market and Operations Control Director, stressed the importance of disclosure and transparency in the financial market and considered them a vital necessity on which investors build their investment decisions. He depicted transparency and adequate disclosure as a key element in the success of any financial market to gain the confidence of both individuals and institutional investors.

Al Abdul Ghani added that the companies listed on QE have made great strides in the implementation of international standards in terms of disclosure and transparency, noting that such measures have great impact on the companies’ success in gaining investors’ confidence and ensure healthy, transparent and fair trading environment.

QE experts gave a presentation on some of the difficulties hindering the implementation of the best disclosure practices aiming to ensure the achievement of fairness and provide the appropriate information to investors in a timely manner.

The participants responded to some queries from the communication officers of the listed companies and listened to their recommendations and suggestions to promote the disclosure practices and strengthen cooperation among listed companies, the QFMA, the QCSD, and the QE for the best interest of investors.

The meeting was concluded with some recommendations that are in the interest of investors, the financial market and the national economy.

The Peninsula