What does it mean for Qatar to become a Borsa Istanbul partner?

Qatar is now one of Borsa Istanbul’s partners.

With the agreement signed on Thursday, Qatar bought 10 percent of Borsa Istanbul’s shares.

It was not disclosed how much the Qatar Investment Authority (QIA), the investment fund of the state of Qatar, paid for the partnership.

Therefore, an 80.6 percent share of the assets of Turkey’s Istanbul Stock Exchange Fund fell.

Before signing the deal with Qatar, the Turkish Asset Fund (TVF) had a 90.6% stake in the Istanbul Stock Exchange.

The other partners on the Istanbul Stock Exchange are as follows: 1.30% from the Turkish Capital Market Association (TSPB), 2.30% from Borsa Istanbul Inc., 5.80% from brokerage firms , banks, precious metals, owned by foreign exchange companies and other companies.

This agreement is seen as a further strengthening of relations between Qatar and Turkey.

In recent years, the growing number of trade agreements between the two countries, Turkey, Qatar has led to the emergence of the issue of Western partners tried to put in the right place.

On the other hand, the European Union remains one of Turkey’s most important trading partners.

In 2015, a strategic partnership agreement was signed between the European Bank for Reconstruction and Development (EBRD) and Borsa İstanbul, whereby the EBRD acquired a 10 percent stake in Borsa İstanbul.

However, in 2019, following the appointment of former Halkbank director Hakan Atilla as CEO of Borsa Istanbul, the EBRD sold its stake to TVF.

In its report on Qatar’s acquisition of shares of Borsa Istanbul, Bloomberg emphasized that relations between the two countries have strengthened since the attempted coup in 2016.

The boycott of Saudi Arabia imposed during the Turkish-led Gulf countries declared Turkey’s support for Qatar since 2017, where the top was transferred to troops in Qatar.

Qatar was established in 2018 during the crisis, Turkey has invested $ 15 billion and said it opened the credit line.

This year, the limit of the swap agreement between the central banks of the two countries was increased to $ 15 billion.

The British Financial Times newspaper is still a difficult period for Qatar, said that Turkey’s economy grows thanks to various agreements.

The newspaper made these agreements, the amounts stressed that it is important at a time when the low despite the fact that Turkey needs foreign direct investment.

Foreign direct investment in Turkey last year fell to $ 5.6 billion, which was the lowest rate in the last 15 years.

Turkey, which was visiting Qatari Emir Sheikh Tamim bin Hamad al Sani with President Recep Tayyip Erdogan on Thursday, signed 10 agreements in total.

The Borsa Istanbul deal, on the other hand, has raised questions about the structure of stock exchanges and how exchanges are managed in other countries.

Considering how exchanges are managed, it can be seen that they are no different than any financial institution.

However, the performance of a stock exchange is important for the country in which it is located, as it indicates the strength of that country’s economy and the interest of foreign investors.

Exchanges can be defined as the markets where securities such as bonds, bills and stocks are bought and sold, which are an investment tool.

An important reason for the need to establish exchanges throughout history has been that companies needed a market to sell their shares and that this market should be regulated by an authority.

The exchanges earn income from trading companies and trading commissions from the parties that buy and sell securities.

The way stock exchanges are managed and business structures change in each country.

For example, the multinational company NYSE Euronext has more than one stock exchange.

NYSE Euronext is the largest in the world in terms of market capitalization, operating many stock exchanges such as the New York Stock Exchange, Euronext, and NYSE Arca.

Deutsche Borse, a publicly traded company in Germany, wanted to merge with NYSE Euronext, a public company; However, this merger never took place.

The US Nasdaq Stock Exchange is also a public company.

The Tokyo Stock Exchange in Japan, on the other hand, is a joint-stock company with banks and investment firms among the owners.

The London Stock Exchange, which is the fourth largest stock exchange in the world in terms of transaction capacity, is operated by the London Stock Exchange Group, a public company.

Turkey on the Istanbul Stock Exchange (BIST) with the first name of the Istanbul Stock Exchange was founded in 1985.

Turkish exchanges under the same roof on the Istanbul Stock Exchange were found to be shareholders of other countries’ shares.

It is common for the different companies that operate exchanges to buy from each other or form partnerships.

The IPO has been delayed since 2015

Like most companies that trade on stock exchanges in other countries, IPO has been on Borsa Istanbul’s agenda since 2015.

However, this step is constantly delayed.

Borsa Istanbul General Manager Hakan Atilla said in February that Borsa Istanbul would be ready to be offered to the public later this year.