Qatar Stock Exchange and Iridium Launch Second Investor Relations Excellence Program
July 24 2016 - 04:00AM
Business Wire
Qatar Stock Exchange and Iridium Investor Relation today jointly
announced that the Investor Relations Excellence Program will be
repeated for a second year after its successful launch in 2015. The
IR Excellence Program, which is the first of its kind in the
Arabian Gulf region, will once again recognize publicly listed
companies for their achievements and proactive efforts to foster
professional investor relations standards.
Mr. Rashid Bin Ali Al-Mansoori, Chief Executive Officer of Qatar
Stock Exchange said: “The IR Excellence Program celebrates
companies that do best in investor relations, while helping all
other listed companies to think about how they can strengthen their
investor relations. As investor relations builds confidence, drives
trading activity and enhances market accessibility, the program
supports our agenda as a stock exchange to build a competitive
market place that reinforces Qatar’s position within the global
emerging markets universe.”
The QSE IR Excellence Program last year crowned QNB as Qatar's
best company overall for excellence in Investor Relations. There
was also formal recognition for small-, mid- and large cap
companies, the best Chief Financial Officer and best Investor
Relations Officer as well as the top three corporate investor
relations websites in the country.
On his part, Mr. Oliver Schutzmann, CEO of Iridium, said: "The
IR Excellence program has been designed to foster the development
of international investor relations standards in Qatar over time.
It serves as a starting point for companies that are looking for
ways to build an investor relations capability and a benchmark for
company leaders who are looking to enhance the way they engage,
transact and communicate with the investment community.”
In July 2016, QSE and Iridium expect to communicate the revised
IR Excellence Program methodology to all market participants, after
which listed companies will have three months to review and
implement upgrades to their investor relations efforts.
The IR Excellence Program has been benchmarked globally against
best practices to ensure a transparent methodology. The methodology
and all ranking criteria are made public. This enables companies to
review categories and selection criteria, and gives them advance
notice to adjust their Investor Relations efforts, especially with
regards to their investor relations websites.
Mr. Abdul Aziz Al Emadi, Director of Listing Department in QSE,
said: “I was impressed by the overall standard of investor
relations of Qatari companies. Whilst the IR Excellence Program is
a new QSE initiative and is still in its second year, we have been
encouraging our listed companies over a number of years to adopt
best practice including the establishment of specific expertise in
dedicated Departments and we see the Investor Relations Excellence
Program as another part of that on-going development.”
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version on businesswire.com: http://www.businesswire.com/news/home/20160724005011/en/
Qatar Stock ExchangeJamal Yasin Al-RihawiTel: +974 4433
3666Email: jamal@qe.qaorIridium AdvisorsOliver SchutzmannTel.:+971
4 574 5757ir@iridium.ae