Iran and Qatar are reported to be in preliminary discussions regarding the listing of the Islamic Republic’s Islamic treasury bills and sovereign Sukuk on the Qatar Stock Exchange (QSE).
The QSE is in talks with Arab and Asian countries to arrange dual listings of foreign stocks in Qatar, commented its CEO, Rashid Ali Al-Mansoori. Several Iranian companies listed on the Iran Fara Bourse under various sectors like oil and gas, automobile, industry and banking are also interested in seeking dual listing with the QSE. Corporate issuances account for 82% of all Sukuk issued in Iran.
Iran plans to enhance the issuance of short-term Sukuk as part of efforts to reinvigorate its domestic debt market.