Qatar Stock Exchange recently become the area’s first stock exchange that began a program to reward the best companies and individuals involved in investor relations.
"The companies listed on our exchange are the corporate ambassadors that represent Qatar's economic, business and financial progress around the world,” Qatar Stock Exchange Chief Executive Officer Rashid Al-Mansoori said. “Their performance is in the public spotlight every day, shaping our country's image as a financial center.”
The program will use a survey of the entire international and domestic investment community to determine the best companies and individuals who have shown the most support in the form of investor relations. The program will provide a detailed ranking of investor relations on corporate websites.
"It is the responsibility of every publicly listed company to keep its stakeholders informed with any information that may influence an investment decision,” Al-Mansoori said. “It is therefore critical that Qatar's listed companies embrace open and transparent communication and take advantage of modern technologies to fulfil fast-growing information needs."
In December, Qatar Stock Exchange will hold a special event where representatives will announce the results of the survey and the program.
"Our mandate as an exchange is to support Qatar's national economy by providing an exchange platform where investors can trade fairly and efficiently," Mr Al-Mansoori said. "This responsibility is already being echoed by many listed companies who adopt global standards in transparency and investor relations. We will recognize the efforts of the best companies. We will also use this initiative to encourage other companies to enhance their disclosure practices and level of activity going forward."