Mandatory IR rules for listed companies effective in October

Qatar Stock Exchange (QSE) CEO Rashid bin Ali Al Mansoori said yesterday that effective from October 1, 2019, Qatar will be introducing a mandatory “rules-based” framework for Investor Relations (IR). The rules will reflect the industry best-practice and should in any case be standard for listed companies in today’s regulatory capital markets’ environment.

Addressing QSE’s 10th Annual IR Conference, Al Mansoori said the bourse is working actively to promote sound Investor Relations (IR) practices among the listed companies in order to maintain investor confidence and enhance their investment attractiveness.

Transparency and effective IR engagement are the hallmark of a successful capital market. The development of IR practices will definitely enhance the sustainability of listed companies.

“QSE seeks to support the sustainability of our listed companies in the years and decades ahead, especially in light of the current geopolitical instability in the region. Thus, we are actively working on promoting sound IR practices among our listed companies in order to maintain investor confidence and enhance their investment attractiveness”, he said.

Al Mansoori said much has changed in the investment world. Qatar is now part of the mainstream global emerging market’s landscape and indices; passive investment mandates have increased in size and importance beyond everyone’s expectations and ESG has gone from footnote to global prominence. “Against this backdrop, the role of the IR has become more complex…its demands are higher and importance greater”, he said.

Abdul Aziz Al-Emadi, Listings Director of QSE said that the IR Annual Conference, the Excellence Program, and frequent training programs reflect QSE desire to achieve best international practice among our listed companies for a transparent investment environment. The issuance of the IR Rules, which will be effective as of October 1st 2019, is a testament to the bourse’s commitment to achieving quality investor relations to improve market accessibility and support the development of successful capital markets.

QSE’s Annual IR Conference, held at Rotana Hotel, witnessed the participation of a wide range of representatives from leading listed companies, market participants, regulatory bodies and investors.

Source from: The Peninsula