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Article: Qatar to float its $1bn stock exchange
- Article from:
- The Independent on Sunday (London, England)
- Article date:
- June 21, 2009
- Author:
CopyrightCopyright 2009 The Independent on Sunday. Provided by ProQuest LLC. (Hide copyright information)
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The Doha Securities Market, one of the Gulf's biggest stock
market, valued at about $1bn (600m), is looking to float within the
next two to three years.
DSM, which will change its name to Qatar Exchange today, will
seek a primary listing in Doha as well as dual-listings in New York
and Paris. A spokesman for Qatar Investment Authority, the sovereign
fund that owns the exchange through Qatar Holding, confirmed on
Friday night that a flotation is being considered but would give no
details. Qatar Holding's other big investments include those in
Barclays, Credit Suisse and J Sainsbury while the QIA has a big
stake in the London Stock Exchange.
QE's plans follow the $200m deal which was finalised ...