DOHA, March 13 (Reuters) - Qatar's stock market will list two exchange-traded funds in the next two months, the chief executive of the Qatar Financial Centre (QFC) Authority said on Monday.
"Within the next month or two, there will be the listing of two exchange-traded funds, one Islamic and one conventional," Yousuf al-Jaida told reporters.
The QFC currently has seven or eight licensed financial companies that would like to list on the market, Jaida said. SEIB Insurance and QInvest are the closest to listing, he added without giving details.
QFC houses the Qatari offices of international banks including Citi, Deutsche Bank and UBS, although most choose to base their regional headquarters in Dubai's more established financial free zone.
Jaida said the QFC would allow more stock listings and financial products on the bourse including sukuk and real estate investment trusts, and would "very soon" introduce a new law governing the QFC that reduced red tape for foreign investors.
"We need to simplify procedures to attract investment into Qatar," he said.
(Reporting by Tom Finn, writing by Hadeel Al Sayegh, editing by Andrew Torchia) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))
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