Qatar Exchange, a leading stock market in the GCC region, recently held its second IPO Advisory Group meeting, aiming to seek input from the various market participants on its new initiatives.

The idea of the IPO Advisory meeting was initiated by Qatar Exchange and was designed to provide the market intermediaries with an opportunity to discuss the challenges and the roadblocks faced when dealing with important topics related to IPOs and on priorities the IPO Advisory Group wishes to see addressed.

With the attendance by Qatar Financial Markets Authority (QFMA), Qatar Exchange expressed appreciation for the Group’s effort to solicit input from the mixture of well qualified and reputable intermediaries that comprises representatives of the advisory, banking, accounting and law communities.

The IPO Advisory Group participants emphasised the importance of the Qatar Exchange’s initiative in seeking different perspectives on key issues and for soliciting feedback aimed at better tailoring the overall process.

The roundtable meeting discussion provided participants with the opportunity to contribute their own views and priorities around main market criteria review, listing advisor duties, qualifications requirements and licensing and yearly periodic disclosure timing, among others.

“The views and contributions provided by the participants of the Advisory Group, in this second meeting, have been extremely valuable not only at the exchange level but also to the overall financial community here in Qatar,” said Abdelaziz Al Emadi, listing director at Qatar Exchange.

“Qatar Exchange intends to continue this engagement with the presence of QFMA and plans to hold a series of these events in order to jointly construct a unified path ahead.”

Qatar Exchange and the IPO Advisory Group members intend to work together on mechanisms to overcome obstacles and the relevant issues related to the overall IPO process in Qatar, a statement said. – TradeArabia News Service