Identity portrays QFMA deep-rooted commitment to providing sound, and protected investment environment and to fostering growth
Doha, February 28th, 2007 - Qatar Financial Markets Authority (QFMA) today unveiled its corporate identity. The unveiling took place during the first ever Gulf Cooperation Council Regulators' Summit which began today in Doha and will finish on March 1st 2007.
The revealing of the corporate identity gives the organization an added boost following its establishment few months ago.
QFMA is the regulatory supervising authority and the listing and licensing authority for the domestic capital markets. Since it was launched, the authority has been implementing a new regulatory infrastructure, based on international standards and best practices, for the capital markets and the securities industry.
The newly established organization is also responsible for ensuring market integrity and transparency through the surveillance and enforcement of the market rules and regulations being implemented.
The new corporate identity portrays QFMA's core values and the position the organization wishes to establish of being a trustworthy financial regulatory authority that helps investors make transactions with confidence and transparency. The Authority will also act as a reference and as a source of guidance for investors, ultimately reducing the level of risk investors are exposed to.
Sheikh Fahad Bin Faisal Al Thani, Deputy Chairman of QFMA's Board and Deputy Governor of Qatar's Central Bank said, "Qatar Financial Markets Authority is now employing deep-rooted business expertise making it a well- trusted financial reference and boosting Qatar's presence as the most rapidly growing financial hub in the Middle East."
The corporate identity has been developed by a team of the Authority's senior management and outside branding consultants who have together ensured that the concept behind the identity is aligned with the key vision behind the organization which is to create a healthy investment environment in a well-conditioned and regulated financial market.
The Authority is designed to meet the needs of both individual and corporate investors looking for a professional resource that protects their investments.
Dr. Hessa Al Jaber, Secretary General of ictQATAR and board member of QFMA said, "Despite the fact that it is newly established, the authority has already demonstrated the importance of its role by putting in place a well-planned structure for the financial market in Qatar. This can only help to increase confidence and trust in the capital markets in Qatar."
Qatar Financial Markets Authority has adopted the highest global standards in relation to corporate governance and transparency to form an impartial body that contributes to the development of a sound financial system using proactive and pragmatic strategies.
Mr. Nasser Al Shaibi, Deputy Chief Executive Officer of QFMA commented, "Qatar's economy has grown tremendously over the past few years and has drawn a great deal of financial interest from local, regional and international investors. This interest and resulting increase in activity has led to the need for some controls to be put in place to provide a level of security to investors. We are confident that the regulatory authority structure we have put in place and the strong team we have put in place to manage it will help to raise investor awareness and will provide them with the protection they are used to elsewhere in the world."
Mr. Al Shaibi continued, "We hope that the presence of the Authority will help to further build investor confidence in Qatari opportunities and eventually positively impact market performance."
The New Visual Identity of Qatar Financial Markets Authority
QFMA aims to promote leadership in investor protection and in building attractive investment environment and sustainable growth. The organization's prime role is to regulate the market activities.
The palm leaf was chosen as the main element of the corporate identity as it has similarly provided protection to people against environmental hazards, acting as a natural shelter for centuries, in addition to holding significant emotional and cultural value to the region being deeply rooted in the Arab environment and symbolizing an essential source of life, blessing and wealth.
Wealth, prosperity and growth, all long term goals of the Authority are represented in the gold color of the leaf, while the solid blue gives a sense of authority, trustworthiness and durability while keeping Qatar Financial Markets Authority's image approachable and friendly.
The new corporate identity of QFMA has been developed around the Authorities key values which are to act as an independent, fair, consistent and impartial body serving individual and corporate investors alike. The organization is committed to the highest standards of professionalism, credibility, integrity, and prudence. From top to bottom, the authority's team continuously challenges itself to achieve the best, guided by the pledge to developing a sound financial system.
-Ends-
Note to the Editors
The Qatar Financial Markets Authority - QFMA - is the regulatory supervising authority of the domestic capital markets. QFMA is the listing and licensing authority for the securities industry and relevant activities. It also has the responsibility of ensuring market integrity and transparency by reinforcing the market rules and regulations on market participants, and conducting the necessary surveillance and supervision activities.
Recently created, QFMA is implementing a new regulatory infrastructure for the capital markets and the securities industry, based on international requirements and recommendations.
For more information, kindly contact QFMA at the following telephone number +974 428 9999
Hala Kassab
Samira El Ghoul
Asda'a Public Relations
Exclusive Affiliate of Edelman Worldwide in MENA
Doha - Qatar
T: + 974 4351 113
F: + 974 4351 511
h.kassab@asdaa.com
s.elghoul@asdaa.com
© Press Release 2007
