The Qatar Financial Centre Authority (QFCA), the Qatar Stock Exchange (QSE), and Malaysian Rating Corporation Berhad (MARC), a prominent financial services and credit rating agency in Malaysia, have entered into a Memorandum of Collaboration (MoC).
The agreement outlines a framework of cooperation aimed at advancing Qatar’s financial landscape, both within the local and international arenas, with a specific emphasis on bonds and Sukuk. The scope of the collaboration encompasses organizing joint events that foster knowledge exchange, developing sound market infrastructures, and building the necessary capacity to support Qatar’s bonds and Sukuk market.
Furthermore, the partnership extends to explore opportunities to establish best standards and practices in the domains of sustainability and debt capital markets and pursue cooperation in other areas within their fields of expertise and mutual interest.
Yousuf Mohamed al-Jaida CEO – QFCA
“This partnership underscores our shared mission with the QFC and MARC to strengthen financial infrastructures, stimulate market growth, and explore new avenues for mutual development. It also demonstrates the QFC’s unwavering commitment to bolstering Qatar’s financial ecosystem. Through this collaboration, we are poised to amplify our impact on setting high standards and catalyzing growth in the financial market.”
Mr. Abdulaziz Nasser Al Emadi, Acting CEO of QSE, welcomed the signing of the MoC with MARC and the QFC and described it as a significant step towards exploring the best ways for close cooperation among the three parties to develop the fundamental structure of Qatar’s financial market, adopting best practices related to corporate performance, as well as strengthening public debt markets at the local and international levels.
“The Signing of this tripartite MoC will strengthen the existing excellent relationships between the Qatar Stock Exchange and other Qatari financial institutions with the Malaysian Rating Corporation and other financial institutions in Malaysia’s financial markets. These relationships are anticipated to serve shared interests and facilitate collaboration between the two parties,” Mr. Al Emadi stated.
Mr. Datuk Jamaludin Nasir, Group CEO of MARC, commented that “This strategic collaboration with the QFC and QSE marks another milestone for MARC’s exciting transformational and growth journey. Together with QFC and QSE, we look forward to driving excellence in the bond and sukuk markets, promoting sustainability, and advancing the financial ecosystem in Qatar and beyond. This collaboration reflects our dedication to utilizing MARC’s capability and experience in contributing to the growth and development of the financial markets in Qatar and the region.”
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