QE IS THE PLACE TO BE

Qatar Today - - BUSINESS > LISTENING POST -

KAB­BANI HAS A SPE­CIAL PLACE IN HIS

HEART FOR THE QATAR EX­CHANGE HAV­ING WORKED WITH QATAR HOLD­ING

ON ITS JOINT VEN­TURE WITH NYSE EURONEXT. WHER­EVER POS­SI­BLE, HE AIMS AT EN­COUR­AG­ING MORE COM­PA­NIES TO LIST ON THE EX­CHANGE, AND AD­VIS­ING COM­PA­NIES ON IPO AND RIGHTS IS­SUE IS AN IM­POR­TANT AS­PECT OF THE FIRM'S SER­VICES (EVER­SHEDS HAS BEEN HELP­ING BARWA BANK WITH THEIR UP­COM­ING IPO). WITH THE MSCI UP­GRADE AND

THE GOV­ERN­MENT'S DECISION TO AL­LOW FOR­EIGN IN­VEST­MENT OF UP

TO 49% IN LISTED COM­PA­NIES, THE TIM­ING IS PER­FECT FOR MORE QATARI IN­STI­TU­TIONS TO BE­COME PART OF THE EX­CHANGE, HE FEELS. “PAR­TIC­U­LARLY FAM­ILY BUSI­NESSES, WHICH IN QATAR SPAN MANY MA­JOR IN­DUS­TRIES AND ARE NOW MOV­ING AWAY FROM THE

PAS­SIV­ITY OF THE 90S (WHEN THE IN­TER­EST WAS MAINLY IN SPON­SOR­ING FOR­EIGN COM­PA­NIES) TO PLAY A MORE PROAC­TIVE ROLE BY EX­PAND­ING BEYOND

THE COUN­TRY'S BOR­DERS. KAB­BANI HAS AD­VISED GOV­ERN­MENT EN­TI­TIES AND PRI­VATELY OWNED COM­PA­NIES IN MERG­ING WITH AND AC­QUIR­ING OTHER COM­PA­NIES IN AFRICA, CHINA AND EUROPE” HITH­ERTO, FAM­ILY-OWNED BUSI­NESSES HAVE LARGELY RE­SISTED LIST­ING ON THE EX­CHANGE. “THEY ARE OF­TEN CON­CERNED ABOUT MAN­AGE­MENT RE­STRUC­TUR­ING, SUB­JECT­ING THEIR

BUSI­NESSES TO THE RULES AND REG­U­LA­TIONS (AND THE PENAL­TIES) THAT COME WITH BE­ING REG­U­LATED BY THE EX­CHANGE AND OPEN­ING UP

THEIR BOOKS AND PRAC­TICES TO COM­PLI­ANCE OF­FI­CERS,” HE SAYS. BUT THE AD­VAN­TAGES OUT­WEIGH THE “IN­CON­VE­NIENCES”. “IT'S A FAN­TAS­TIC

OP­POR­TU­NITY TO RAISE FI­NANCE, GAIN AC­CESS TO OTHER MAR­KETS AND AT­TRACT TOP TIER TAL­ENT,” KAB­BANI SAYS. BUT IT WILL TAKE TIME AND ED­U­CA­TION, HE CON­CEDES. QE IN ITS EF­FORTS TO EN­COUR­AGE LIST­ING

IS WORK­ING ON A GUIDE HE HELPED AU­THOR­ING THAT GIVE DE­TAILS ABOUT THE LIST­ING PROCESS, THE BEN­E­FITS,

RE­QUIRE­MENTS, ETC. WHICH, HE HOPES, WILL MAKE THE PROCESS MORE

TRANS­PAR­ENT.

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