Sunday 21, June 2009 by
Qatar launches ‘Qatar exchange’ signing partnership with NYSE Euronext
The binding agreements represent the formal closing of negotiations to enter into a partnership between the State of Qatar and NYSE Euronext; NYSE Euronext is taking a 20 per cent stake in QE for $200 million, the largest investment ever made by NYSE Euronext in a foreign exchange. QIA will retain 80 per cent of QE through its investment arm, QH. The new exchange will be overseen by a newly appointed board, to be chaired by His Excellency Dr Khalid Al Attiyah. All staff currently employed by DSM will be transferred to QE with the same employment rights and status. Andre Went, a senior leader from NYSE Euronext with 20 years experience, will be appointed as Chief Executive Officer of QE.
