25/11/2025 05:44 AST
Doha's fixed income market Monday got the much-needed stimulus with Ahlibank Qatar becoming the first corporate entity to list its bond in the Qatar Stock Exchange (QSE).
The listing of Ahlibank Qatar's a QR500mn, 4.45%; three-year fixed rate note in the QSE comes two years after the Qatar Central Bank launched the third Financial Sector Strategy, which aims to further develop the financial sector in the country as part of the National Vision 2030.
The bonds have started trading after a direct listing. The listing marks the first corporate bond issuance to be listed and traded on the Exchange and represents an important milestone in the development and diversification of Qatar's capital markets.
The bonds, which come under its broader $2bn euro medium-term note programme, are traded under the ticker "CA01", and the indicative (reference) price for the first day of trading was set at 100% of the bond's nominal value (QR1,000). A 10% price fluctuation limit - upward and downward - is applicable.
The net proceeds from each issue of notes will be lent by the issuer (ABQ Finance) to the guarantor (Ahlibank Qatar) and will be used by the guarantor for its general corporate purposes, which include making a profit, or as otherwise specified in the final terms.
A bell-ringing ceremony was held at the QSE to mark this milestone occasion. The event was attended by Dr Tamy bin Ahmad al-Binali, chief executive officer of the Qatar Financial Markets Authority; Abdullah Mohammed al-Ansari, chief executive officer of the QSE; Sheikh Mohammed bin Jassim al-Thani, chief executive officer of Edaa; and Hassan Ahmed al-Efrangi, chief executive officer of Ahli Bank. Their presence underscored the high level of co-ordination and institutional alignment among the key entities of Qatar's financial sector.
Ahli Bank has long been a key contributor to Qatar's financial landscape. The issuance of its inaugural QAR denominated corporate bonds supports the Bank's efforts to diversify its funding sources, strengthen its capital structure, and enhance long-term financial stability. As one of the country's established financial institutions, Ahli Bank continues to play an important role in delivering banking solutions and supporting economic development.
The listing advances several priorities under the third financial sector strategy. These include market development, financial sector competitiveness, diversification of investment instruments, and broader access for investors. It expands the range of opportunities available to market participants and reinforces the depth and maturity of Qatar's financial market.
The QFMA, QSE, Edaa and Ahli Bank worked closely together to ensure a smooth and efficient listing process consistent with international standards. Their collaboration reflects a unified effort to strengthen market infrastructure, enhance regulatory coordination, and support greater participation from both local and international investors.
Qatar's capital market institutions continue to work to introduce new products and advance initiatives that reinforce the pillars of the Third Financial Sector Strategy. These efforts aim to enhance liquidity, improve market accessibility, and support the evolving needs of issuers and investors.
One of the primary goals of developing Qatar's financial markets is to encourage Qatari companies to raise funds from domestic sources and reduce their reliance on foreign funding. An important initiative in this context will be to establish general guidelines and policies to encourage corporate debt instruments issuance by Qatari companies.
Gulf Times
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