Latest news with #AbdulHakeemMostafawi
Zawya
4 days ago
- Business
- Zawya
Gulf's stock exchanges meet with global investors to explore long-term opportunities
Doha: Over 300 global institutional investors met with all bourses from the Gulf Cooperation Council (GCC) and over 100 GCC corporates at HSBC's GCC Exchanges Conference in London between 16-19 June as investors explore the Gulf's reform-driven growth and maturing capital markets. Now in its fourth year, conversations at the Conference focused on the GCC's record IPO pipeline, deep sovereign and corporate bond markets, and expanding private credit platforms – which have been underpinned by strong fiscal buffers and multi-year economic transformation agendas. The continued liberalisation of GCC financial markets and the introduction of privatization programmes by GCC governments are converging at a time when investors are seeking diversification from global volatility. GCC capital markets were resilient in the first quarter of the year with IPO proceeds 33% higher compared to the first quarter of 2024, despite a slowdown in issuances globally. [1] Qatar Stock Exchange Listed Companies reported QR 13.22 bn net profits for Q1, 2025 which showed continues growth year on year. [2] Abdul Hakeem Mostafawi, CEO of HSBC Qatar said: 'Global investors are recalibrating for resilience and the GCC's balance sheet strength and robust financial markets ecosystem has positioned the region as an increasingly credible alternative. Qatar Stock Exchange continues to invest in sophisticated platforms and investment tools to reinforce its competitiveness and strengthen investors' confidence.' Senior officials who also attended the event included Abdullah Mohammed Al Ansari -CEO of Qatar Stock Exchange, Dr. Tamy Bin Ahmed Al-Binali - Chief Executive Officer Qatar Financial Market Authority, and Sheikh Mohammed bin Jassim Al Thani -Chief Executive Officer Edaa. Abdullah Muhammad Al Ansari, CEO of Qatar Stock Exchange, stated: 'We commend HSBC's continued commitment to convening key stakeholders and global investors around the Gulf's evolving capital markets. At Qatar Stock Exchange, we remain focused on enhancing our market infrastructure and broadening access to sustainable investment opportunities that support both regional growth and investor diversification.' This year, for the first time, HSBC brought together Emerging Market Macro Strategists with GCC attendees, as EM investors dial-up their exposure to the Gulf's capital markets driven by strong GDP projections relative to the broader EM pool. Media enquiries to: Greta Madgwick Mai Salem maisalem@ HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
Zawya
02-06-2025
- Business
- Zawya
HSBC Qatar and the Hong Kong delegation of the Chinese Manufacturing Association explore opportunities in Qatar
Doha, Qatar – HSBC Qatar and the Hong Kong delegation of the Chinese Manufacturing Association discussed the different opportunities for collaboration in bringing manufacturing to Qatar. The two-way collaboration would open business avenues from Hong Kong to Qatar and would also support Qatar's ambitions for ongoing economic diversification. The two parties focused discussions on enhancing investment and collaboration in the manufacturing of downstream LNG products and non-oil sectors, aligning with Qatar's strategic goals for sustainable economic growth. 'HSBC's engagement with the Chinese Manufacturing Association reflects a shared commitment to innovation, technology transfer, and value-added production. Both parties expressed interest in exploring future opportunities, and knowledge exchange programs,' said Abdul Hakeem Mostafawi, CEO and Head of Banking in Qatar. The discussions come at a pivotal moment, following the recent address by His Excellency the Prime Minister and Minister of Foreign Affairs, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, at the Qatar Economic Forum (QEF), where he emphasized the necessity of accelerating industrial development and moving beyond hydrocarbon dependence. His Excellency underlined that fostering a robust manufacturing base, particularly in sectors such as petrochemical derivatives and advanced materials, is essential to achieving the objectives of the Qatar National Vision 2030. The Chinese Manufacturing Association highlighted the potential for mutual benefit and the opportunity to contribute to economic diversification through advanced manufacturing solutions. This initiative directly supports the pillars of Qatar National Vision 2030, particularly the economic development pillar, by enabling the private sector, expanding industrial capabilities, and enhancing international partnerships. Media enquiries to: Greta Madgwick About HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
