QNBFS launches first of its kind access to listed bonds on QSE

Doha, Qatar: QNB Financial Services (QNBFS), a subsidiary of QNB Group yesterday announced the launch of retail trading in fixed income securities on...

Doha, Qatar: QNB Financial Services (QNBFS), a subsidiary of QNB Group yesterday announced the launch of retail trading in fixed-income securities on the Qatar Stock Exchange (QSE), where QNBFS executed its first transaction in fixed-income securities for individuals.

This pioneer step makes QNBFS the first broker in Qatar to enable direct bond trading for both individual and small institutional investors on the QSE with a significantly reduced minimum investment threshold.

As a subsidiary of QNB, QNBFS will leverage QNB’s primary distributor role, mandated by QCB, to support clients in the buying and selling of QAR government securities, clients will have the ability to not only purchase QAR government securities but also to sell them at transparent, competitive prices at all times, securing an exit mechanism for retail investors. This provides confidence and flexibility for individual investors participating in the QAR sovereign debt capital market.

This step supports Qatar Central Bank’s efforts and vision to enhance the liquidity and depth of the QAR government securities.

By enabling wider access to QAR Government Securities, the program strengthens the depth of the secondary market and provides the retail client base the opportunity to benefit from the high credit ratings of the QAR government securities along with its attractive yields.