Qatar lenders complete first treasury bill trade

Doha: QNB Group and Qatar Development Bank (QDB) have completed the first treasury bill trade in the secondary market after listing debt instruments on the Qatar Exchange.

The managements of both institutions expressed their appreciation to the Qatar Central Bank and Qatar Exchange for this initiative to list debt instruments on the stock exchange, which in return will contribute to the development of Qatar's financial markets and its position as a regional financial hub.

Listing

Ali Shareef Al Emadi, QNB Group Chief Executive Officer, stated that this initiative is the first step towards listing bonds and sukuk for trading on the Qatar Exchange.

This initiative will help to pave the way for Qatari companies to issue bonds in Qatari riyals, Al Emadi added.

Mansour Al Mahmoud, Chief Executive Officer of Qatar Development Bank, predicts more such transactions in the secondary market.

These transactions will contribute to the development of Qatar's financial sector through the diversification of investment tools enriching the financial market, Al Mahmoud added.