QP list 4 subsidiaries worth $ 50 billion on QE: Abdullah

SATYENDRA PATH

DOHA

QATAR Petroleum is planning to list on Qatar Exchange four subsidiaries worth $ 50 billion in the next two years, Abdullah said, President Hussein Ali al Qatar Exchange in Doha, on Wednesday.

To take part in a panel discussion during the forum of ' list of private companies: support of Qatar national vision, ' Abdullah said the main advantages of listing companies are the continuity of the business, and maintaining her survival and cohesion especially in family businesses.

Qatari government motivation of the private sector mark and encouraging family companies to convert in public shareholding companies listed on the stock market of Qatar, he stresses the need for flexible legislation and regulations that suit the business environment, in Qatar, so companies are encouraged to make the transition.

Abdullah also urged market regulators in the Gulf region to coordinate and unite in order to create entities that fits the offer of regional companies, encourage family businesses to list, and attracting efficient frameworks to achieve this goal.

"The value of the public companies usually higher than for comparable private companies. Sale of shares to the public increases a company shares will benefit from the balance and allowing a company to create customers and suppliers even if both base and improve the terms of business can provide, "said Qatar Exchange CEO Rashid al Mansoori.

"Acquisitions of private or listed companies are often more easily completed if a company is publicly traded and shares a transparent market value," said Mansoori.

"The pursuit of disclosure forces re-evaluation of systems and underlying operational efficiency of the management of the company," he said.

"A public market in a company employee share schemes enable staff share means to share in the financial success of the company and increasing their commitment to the company. A company can also benefit from the quality of the staff.

"For family, financial or minority shareholders a public offering monetises the value of the company at a price-driven market and the liquidity provided shareholders easier can realize the value if and when they so choose," Mansoori said.

Qatari businessmen Association Chairman Sheikh Faisal bin Qassim al Thani spoke about his experience in offering his company Aamal on Qatar Exchange in 2007.

He said: "the decision to place the company on Qatar Exchange came after careful and deep study which showed the benefits of is called." "The desire to ensure the continuity of the company's success was the motivation to share ownership of a private company to a company listed on the stock exchange. Other reasons for the offer were the desire to broaden the base of shareholders and take advantage of different investment opportunities offered by the Qatari economy that is growing at a rapid pace, "he said.

Sheikh Faisal said: "the reasons which prevent the companies owners offer that are the difficult offer procedures and legal requirements, the fear of higher taxes and fees, accounting and regulatory compliance, and the fear of owners to lose control; Nevertheless, these concerns are not equivalent to the benefits, which can be obtained by the company in the long run. " "We have found that there are several Qatari companies, which were established and grown up in the last few decades, but disappeared completely from the economic.

"So the transformation of these companies and the development of their work mechanisms and management practices provide the company growth, sustainability and development in accordance with the development of the financial markets in which they operate," he said.

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