Ooredoo wins QSE’s top IR award

  • 5 months   ago
Ooredoo wins QSE’s top IR award

Ooredoo has won the Qatar Stock Exchange’s overall award for excellence in investor relations (IR) for 2019 as two of its senior executives bagged a title each to make the telecom major the most-awarded firm at the awards held in Doha on Wednesday.
 

While Ooredoo’s Ajay Bahri won the best chief financial officer award, the best IR officer award went to his collegue Andreas Goldau.
 

With it bagging the first of the three awards for having the best IR websites, Ooredoo took home a total of four titles from QSE’s fifth Annual IR Excellence Programme.
 

The Qatar National Bank, which also won the title for the best IR practices by a large-cap company, also saw its honcho Abdulla al Khalifa winning the title for the best chief executive officer.
 

Vodafone and Al Meera have been picked as the best mid-cap and small-cap companies respectively.
Qatar General Insurance and Reinsurance, UDC and Aamal shared the title for having the third-best IR website, while QNB bagged the title for the second spot.
 

The Investor Relations Excellence Programme surveyed the expert opinion of the domestic and international investment community.
 

Expressing his satisfaction on the advanced IR level achieved by Qatari-listed firms, QSE CEO Rashid bin Ali al Mansoori said, “For the fifth year running, we have rewarded companies and individuals that have demonstrated the highest investor relations standards in the country.
 

QSE introduced its own IR rules in October last year, reflecting the importance of this function and the people who are central to that communication process.
 

 

Abdul Aziz al Emadi, Director, Listing Department of QSE, said, “QSE has worked with Iridium in designing a framework that reflects international best practice. The framework relies on two separate areas — direct feedback from local and international investors and a transparent website ranking mechanism.
 

“Our figures over the last few years tell us that we are all making progress; in fact, we know that the average score has increased thirteen percentage points since we launched the Programme.”
 

The IR Excellence Programme was launched in 2015. It is globally benchmarked against best practices to ensure a transparent methodology. The methodology and all ranking criteria were made public through QSE’s website and other public channels. This enabled all listed companies to review categories and selection criteria, and gave them several months advance notice to improve their investor relations efforts.

Source: Qatar Tribune

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