QFC, QCSD sign MoU to support Qatari financial markets development

The MoU was signed by Yousuf Mohamed al-Jaida, chief executive officer, QFC Authority, and Misnad bin Abdullatif al-Misnad, chief executive officer, QCSD.

The Qatar Financial Centre (QFC) has signed a memorandum of understanding (MoU) with the 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 co-operation between the QFC and the 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 and strengthen their confidence in the Qatari economy. In addition to bolstering the growth of Qatar’s financial markets and promoting investments in securities, the MoU serves the overarching goal of achieving a diversified and competitive economy, in line with the Qatar National Vision 2030 (QNV 2030).