Qatar Exchange and NYSE Euronext
DOHA, Qatar and NEW YORK and PARIS - Qatar Holding and NYSE Euronext Sign Formal Terms to set up Strategic Partnership
- NYSE Euronext to Acquire 20% of the New Exchange for US $200 Million
- New Venture to be Called "Qatar Exchange"
- Trading Systems to be Transitioned to NYSE Euronext's State-of-the-Art Technology
- New Board and Chief Executive Appointed
Qatar Holding ("QH"), the strategic and direct investment arm of Qatar Investment Authority ("QIA"), and NYSE Euronext (NYX) today announced the signing of binding agreements to form a major strategic partnership which will establish Qatar Exchange (successor to the current Doha Securities Market ("DSM")) as a world-class international exchange, and provide NYSE Euronext with a valuable presence in the Middle East.