Ooredoo, QNB scoop QSE’s Excellence Awards

The Qatar Stock Exchange’s (QSE) 4th Annual IR Excellence Program has announced Ooredoo Group as the Best Qatari Company of the year 2018. QNB is the Best Large Cap Company. The Annual IR Excellence Program Awards were announced at a ceremony held at the Ritz Carlton Hotel.

In the annual competition, the telecom giant Ooredoo scooped a total of five top awards, including its CEO Sheikh Saud bin Nasser Al Thani winning the Best CEO Award. The group also won the Best Chief Financial Officer Award (AjaiBahri), Best Investor Relations Officer Award (Andreas Goldeau); and Second Best Investor Relations Website.

QNB bagged the top award for the Best Investor Relations Website. QIB’s website also won the award in the ‘best website’ category.

Vodafone has been adjudged as the Best Midcap Company as Al Meera won the Best Small Cap Company Award.

The Investor Relations (IR) Excellence Program surveyed the expert opinion of the domestic and international investment community.

Addressing the event,  Rashid bin Ali Al Mansoori, CEO of Qatar Stock Exchange said “The IR Excellence Program reflects Qatar Stock Exchange desire to achieve best international practice among our listed companies for a transparent investment environment.

We may all be justly proud of the recovery in our indices last year and the corporate performances that drove that recovery but the trading environment remains challenging and we must all continue to seek ways to improve,” Mr. Al Mansoori added.

Abdul Aziz Al Emadi, Director, Listing Department of QSE, said: “Qatar Stock Exchange has been actively promoting IR for a number of years, we want to see our listed companies committed to improving the flow of information in the market, because they are the corporate ambassadors for Qatar.”

“As a direct result of the Excellence Program, we have noticed that a number of companies have made a meaningful contribution to their IR efforts in 2018. We look forward to seeing a stronger engagement from the remaining companies, in order to further improve the IR standards across all Qatar listed companies,” Al-Emadi added.

The Excellence Program was launched in 2015. The Program is globally benchmarked against best practices to ensure a transparent methodology. The methodology and all ranking criteria were made public via the QSE’s website and other public channels. This enabled all listed companies to review categories and selection criteria and improve their investor relations practices accordingly.

Source from: The Peninsula