Doha, Qatar, 9, June 2015

The Qatar Financial Centre (QFC) Authority has announced the appointment of Yousuf Al-Jaida as Chief Executive Officer, effective from 1st July 2015, as the organisation continues to progress its mission of developing Qatar's private sector.

Announcing the appointment, HE Ali Shareef Al Emadi, Minister of Finance and Chairman of the QFC Authority said: "Yousuf Al-Jaida has been instrumental in the last year in driving forward the QFC's broadened strategy. I firmly believe he will continue this momentum and ensure the QFC continues to contribute to Qatar's economic diversification."

Mr Al-Jaida joined the QFC Authority in 2010 and previously served as its Deputy CEO and Chief Strategic and Business Development Officer. He assumes his new role at an exciting time for the organisation, as it enjoys increasing success in attracting both local and international firms who wish to expand their operations within Qatar. The QFC has seen a 25% YTD increase in the number of non-financial sector firms licensed and 30% of firms are now Qatari entities.

"Over the last year we have grown considerably and in response to the needs of the national economy have broadened our platform to welcome local and international non-financial service firms. I am honoured and delighted to accept the position of CEO. We will continue to work to facilitate the success of our firms and contribute to the development of Qatar's private sector."

The QFC Authority also announced that Sheikh Salman Al Thani has been appointed as Chief Strategic and Business Development Officer, effective immediately.

HE Ali Shareef Al Emadi thanked outgoing CEO, Mr Shashank Srivastava for his valuable contribution and years of service to the QFC.

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ABOUT THE QFC
Established by the Government of Qatar in 2005, the Qatar Financial Centre (QFC) is an on-shore centre which has become an integral part of Qatar's economy and rapid growth story. It is fulfilling its mandate to help build a world-class financial and business environment in Qatar, providing a platform for domestic, regional and international growth.

The QFC Authority is the commercial and strategic arm of the QFC. It is responsible for developing and ensuring compliance with the QFC regulations and rules comprising the QFC's legal and tax environments and it helps firms to quickly establish a physical presence in Qatar and the region. The QFC continues to attract a broad range of leading regulated and non-regulated firms, both domestic and international. QFC-licensed firms benefit from an environment which operates to international standards, with a legal system based on English Common Law, regulation which is risk and principles-based, and a competitive tax regime.

qfc.qa | @QFCAuthority | #Facilitatingsuccess

CONTACTS
QFC Authority
Millie Hyde-Smith 
M. +974 5584 8308
m.hyde@qfc.qa

Brown Lloyd James
Eliana Maakaroun
M. +974 5530 4314
elianam@bljworldwide.com

© Press Release 2015