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Qatar,Saudi Arabia : AL KHALIJI, CLOSIR announces their PARTNERSHIP to provide investors platform

July 28, 2014

As per the report, Al Khalij Commercial Bank (al khaliji) and Closir, a major financial technology firm declared that they have joined hands for improving its shareholder engagement efforts with the leading investor relations platform for listed firms and global institutional investors.

Following the Qatar, the third equity market in the GCC was inclined to MSCI Emerging Market Index from the MSCI Frontier Markets in May 2014, the new business relation aroused.

Dr Joe Maalouf, head of investor relations, al khaliji, said effective stakeholder engagement is recognised across the wider public sector as a vital part of ensuring delivery of business and making the company as accessible as possible to shareholders and investors has always been a priority for the bank.

Closir s technology will provide our investors with a new technique to stay updated and connected with the company, in line with the best global investment relation (IR) practices encouraged by the platform, he added.

Andre Powers, managing partner, Closir, said: We are seeing record numbers of institutional investors with global mandates examining investment opportunities in Middle East and specifically Qatar.

He added: We are very excited to have al khaliji join our platform, which was designed to give investors the tools to make informed decisions. al khaliji is a leader in using technology for their banking business and is now bringing technology to the company s investor relations programme.

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Source: TendersInfo (India)

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