Qatar Central Bank launches second phase of Primary Dealer Framework, appoints local dealers

Doha, Qatar:Qatar Central Bank (QCB) has launched the second phase of its Primary Dealer (PD) Framework, a key milestone in the ongoing development of...

Doha, Qatar: Qatar Central Bank (QCB) has launched the second phase of its Primary Dealer (PD) Framework, a key milestone in the ongoing development of Qatar’s capital markets.

On August 24, 2025, QCB successfully executed the first auction under the PD Framework, issuing local-currency government bonds and sukuk on behalf of the Ministry of Finance, QCB said in a statement Monday.

A total of QAR 15.425 billion was offered and fully allocated across four securities: 2-year (tap) and 5-year (new issuance) tranches for both bonds and sukuk. The auction witnessed significant oversubscription, underscoring strong investor confidence and robust appetite for Qatari riyal instruments despite the substantial issuance volume.

QCB has appointed the following banks as local Primary Dealers - AlRayan Bank, HSBC Bank, Qatar Islamic Bank, Qatar National Bank and Commercial Bank of Qatar

This initiative aligns with QCB’s Third Financial Sector Strategy, which focuses on building a robust and integrated capital markets infrastructure. It also serves as a cornerstone of Qatar National Vision 2030, which seeks to strengthen Qatar’s global standing in public debt management and securities issuance. The initiative reflects the adoption of international best practices and aims to attract a broader base of global investors, the statement said.