QNB Group, Qatar Development Bank Complete the First Treasury Bills Trade

Doha, December 29 (QNA) - Qatar National Bank (QNB) Group and Qatar Development Bank,QDB, are pleased to announce the completion of the first treasury bills trade in the secondary market after listing debt instruments on the Qatar Exchange. The management of both institutions has expressed their appreciation to Qatar Central Bank and Qatar Exchange for this initiative to list debt instruments on the stock exchange, which in return will contribute to the development of Qatar s financial markets and its position as a regional financial hub. QNB Group Chief Executive Officer Ali Shareef Al Emadi, stated that this initiative is the first step towards listing bonds and Sukuk for trading on the Qatar Exchange, paving the way for Qatari companies to issue bonds in Qatari Riyals. For his part, CEO of Qatar Development Bank Mansour Al-Mahmoud, QDB, envisions more such transactions in the secondary market which contribute to the development of Qatar's financial sector through the diversification of investment tools enriching the financial market. (QNA)