Following the successful launch and initial implementation of QIA’s market making initiative in September 2022, Qatar Investment Authority (QIA), today, is pleased to announce the establishment of a permanent market-making program at the Qatar Stock Exchange (QSE). In 2022, QSE saw the largest foreign investment flows in its history. On the back of this success, QIA is committing up to QAR 1 billion to the establishment of a permanent market-making program to support the continuation of this momentum and contribute to the growth of the Qatari economy. The commitment is set to run over the next five years and will cover 90% of the size of the market capitalization listed on QSE, offering an economic incentive by way of a rebate to lower trading costs for established market makers. The permanent program will help enhance liquidity in the market, improve price discovery, and diversify the capital markets in Qatar. Through increased investor confidence, the program will support to attract further foreign asset managers to invest in Qatar. The commitment from QIA aligns with its mandate to support the development of a competitive Qatari economy. In its wider reform strategy, QSE is working to attract a greater number of listings, introduce more ETFs, improve ESG disclosures and derivatives to help investors diversify their portfolios and better manage their investment risks. QSE is working closely with Qatar Financial Markets Authority (QFMA) and Qatar Central Securities Depository (QCSD) on its wider reform strategy. -Ends- Notes to Editors The market making initiative covers 90% of the size of the market listed on QSE and at present includes QNB FS and The Group Securities as licensed participants at the Qatar Stock Exchange. About QIA Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar. Media Contact: [email protected] About QSE Established in 1995, the Qatar Stock Exchange (then Doha Securities Market) officially commenced operations in May 1997. Since then, the exchange has grown to become one of the leading stock markets in the GCC region. In 2014, QSE was one of the first exchange in the region to upgraded to Emerging Market status by MSCI. QSE currently has 47 listed companies, and its market capitalization (end of Aug 2022) is around QR750 billion (US$205 billion). The primary aim of QSE is to support Qatar’s economy by giving investors a platform through which they can trade fairly and efficiently. QSE also provides the public with access to market information, ensures correct disclosure of information, and enforces securities regulations. QSE is regulated by the Qatar Financial Markets Authority. For more information, please visit: www.qe.com.qa