(MENAFN- The Peninsula) The Qatari bourse is all set to list one of the four planned investment funds soon.
"We are just waiting for the necessary approval from the authorities concerned to list the fund," the CEO of Qatar Exchange (QE) said. Rashid Al Mansoori told Al Sharq the approval process for listing the second fund is also on. "The remaining two proposed funds are under study," he said. One of the four funds is Al Rayan Islamic, while another one will be bonds-based. In other words, it will be invested primarily in bonds and other debt instruments.
Investment funds are collective investment schemes in which both big and small investors could pool in their money/savings through subscriptions for long-term capital gains or regular income. Details of the four funds are yet to emerge. Al Mansoori said several new companies would be listed on the QE this year. A number of companies have applied for listing and their requests are being looked into by the regulator.
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