Doha – Mubasher: The CEO of Qatar Central Securities Depository, Saif Abdullah Al Thani, confirmed that the company is currently working on applying lending and borrowing. To support investors and give them additional options and tools.
Saif Abdullah Al-Thani indicated during his speech on the sidelines of the International Conference of Rating Agencies organized by the Qatar Association of Certified Public Accountants, yesterday, Monday, that the first mechanism it worked on was the movable property registry. According to Qena.
Al-Thani pointed out that his application comes with the aim of helping small and medium-sized companies to benefit from the tools, equipment and goods they have in order to obtain financing to develop their business..
He stressed that the company has gone a long way in preparing the central clearing, which will increase the volume of transparency in the market, reduce risks and give the ability to investors to raise the classification of the market as a whole.
He stressed the keenness of the Qatar Central Depository Company to develop the applicable plan and enhance it further during the next stage, explaining that the state’s plan is working to achieve a distinguished renaissance in many sectors, and in many economic, social and cultural aspects.
The CEO of Qatar Central Securities Depository concluded his statements by emphasizing the development of financial markets under the supervision of the Qatar Central Bank, with the participation of various entities that worked on developing the devices and tools used in the market, and bringing them to the necessary levels to achieve the planned goals..--
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