QIA invests $275m in market-making programme

The Qatar Investment Authority (QIA) is set to launch a market-making initiative designed to woo more foreign investors.

According to the sovereign wealth fund, the programme will add liquidity to its capital markets and improve price discovery.

The QIA will spend up to US$275 million on the project, which will run for the next five years and will cover around 90% of the market capitalisation on the Qatari Stock Exchange (QSE).

The exchange enjoyed its best year in 2022 in terms of attracting overseas investment flow, and the QIA’s new initiative is designed to “support the continuation of this momentum”, according to a QIA statement.

The exchange has launched its own initiatives in order to boost liquidity and more international participants in recent years, including efforts to increase listings and introduce more ETFs and derivatives.

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