QFC, QCSD sign MoU to support financial markets development
04 Apr 2021 - 8:44
Misnad bin Abdullatif Al Misnad, Chief Executive Officer, QCSD (left) and Yousuf Mohamed Al Jaida, Chief Executive Officer, QFC Authority during the signing of MoU to support the development of Qatari financial market.
The Peninsula
Doha: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, has signed a Memorandum of Understanding (MoU) with Qatar Central Securities Depository (QCSD), the first and only depository that is licensed by the Qatar Financial Markets Authority (QFMA), to provide depository and associated services, in Qatar.
Focusing on the significant role of depositories in supporting the growth of Qatar’s financial markets, the MoU sets forth the framework of cooperation between the QFC and QCSD, which aims to stimulate, attract and bolster local and foreign investments. The two parties will be joining efforts to foster the culture of investing in securities by educating, directing, encouraging and motivating local and foreign investors to invest in securities and strengthen their confidence in the Qatari economy.