QE Chairman: Qatar Petroleum to List Four Subsidies worth $50 Billion over 2 Years

Doha, May 08 (QNA) - Qatar Exchange Chairman Dr. Hussein Ali Al Abdullah has said Qatar Petroleum plans to list four subsidiary companies, worth around $50 billion, over the next two years, adding that QP has the details on the process. Taking part in a discussion panel during the forum of "Listing of Private Companies: Supporting Qatar's National Vision," which was held here on Wednesday, Al Abdullah said the most important benefits of listing companies are the continuity of the company, and maintaining its survival and cohesion especially in family businesses. He pointed to the Qatari government's motivation of the private sector and encouraging family businesses to turn into public shareholding companies listed on the Qatar Exchange. He underlined the necessity of having flexible legislation and regulations that suit the business environment in Qatar so that companies are encouraged to make the transition. Al Abdullah also urged market regulators in the Gulf region to coordinate and unify so as to create entities that suit the listing of regional companies, encourage family businesses to list, and attract efficient cadres to achieve this goal. (QNA)