Doha: Qatar Central Securities Depository (QCSD) CEO H E Sheikh Saif bin Abdullah Al-Thani confirmed that QCSD is working on the application of lending and also borrowing to help investors in Qatar and give them additional options and tools.
In a speech yesterday, before the International Credit Rating Agencies Conference organized by the Qatar Association of Certified Public Accountants (QCPA), His Excellency said that the first thing QCSD worked on was the movable funds register aimed at helping small and medium-sized enterprises to benefit from the tools, equipment and goods they have to obtain financing to develop their business. Also, he indicated that QCSD has come a long way in preparing the central clearing, which will increase the volume of transparency in the market, reduce risks and give investors the ability to raise the rating of the market as a whole, stressing QCSD’s keenness to develop the applicable plan and strengthen it further during the next stage.
QCSD CEO praised the state’s plan to achieve a distinguished renaissance in many sectors and several economic, and cultural aspects, pointing to the development of financial markets under the supervision of the Qatar Central Bank with the participation of various entities, which worked to develop the facilities and tools used in the market and bring them to the levels necessary to achieve the planned goals.
