May 28 2012
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Qatar Exchange eyes expatriate investors
DOHA: The Qatari bourse is planning to tap the vast expatriate population, especially people in upper-middle and higher income groups, to further widen its investor base.
The bourse ( Qatar Exchange ) threw its doors open to non-Qatari investors in early 2005 when the entire population of the country was below 800,000.
The population has more than doubled since to over 1.7 million and the bourse administration is of the opinion that many of the newly-arrived expatriates are not aware of investment opportunities on QE , a senior bourse official told The Peninsula yesterday.
He said on the sidelines of an event held yesterday to mark QE 's 15th anniversary that the QE has a huge investor base and it is roughly estimated that the ratio of foreigners in it would be about 11 percent.
"We, therefore, need to raise the ratio of non-Qataris in the investor base by tapping upper-middle and higher income expatriates and convince them to invest on QE ," the official said. "We, thus, hope to launch an awareness drive."
According to the official, the drive is to be waged primarily through the media and through direct contacts with different expatriate communities with help from the embassies of their countries.
The bourse official hinted there might at least be a 100,000 expatriates in upper-middle and higher income categories who would be keen to invest in Qatari stocks for savings for dividend income and capital gains over the long or medium-term.
© The Peninsula 2012
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