Doha [Qatar], April 28: Qatar Financial Centre (QFC), a leading onshore financial and business hub, has announced the appointment of new members to its board of directors, reinforcing its governance framework and supporting its strategic priorities for the next phase of growth.
The board will continue to be chaired by Minister of Commerce and Industry HE Sheikh Faisal bin Thani Al Thani, whose extensive experience in economic policy and commercial development is expected to guide QFC's ongoing evolution.
The newly appointed Board members bring with them a diverse range of expertise spanning government, finance, investment and regulatory leadership.
They include Sheikh Ahmed bin Khalid bin Ahmed bin Sultan Al Thani, Deputy Governor of the Qatar Central Bank; Sheikh Ali bin AlWaleed Al Thani, Chief Executive Officer of Invest Qatar; Ali Rashid Al Mohannadi, Chief Operating Officer of Qatar National Bank; Abdulla Mohammed Al Ansari, Chief Executive Officer of the Qatar Stock Exchange; Ali Ahmed Al Sulaiti, Director of the Minister of Interior Office; Abdulaziz Abdullah Al Kuwari, Assistant to the Director of the Prime Minister's Office for Government Affairs; and Mansoor Rashid Al Khater, Chief Executive Officer and Board member of QFC.
With their combined insights and leadership experience, the Board is expected to play a pivotal role in advancing QFC's mission to support Qatar's economic diversification agenda, attract global investment and foster innovation within the financial sector.
Their appointment comes at a time when QFC continues to strengthen its position as a gateway for international businesses seeking opportunities in Qatar and the wider region.
The newly constituted board will work collectively to ensure that QFC remains well-positioned to deliver on its strategic priorities and contribute effectively to the country's long-term economic goals. The Qatar Financial Centre, headquartered in Doha, provides a robust platform for companies to establish and expand their operations, offering a unique legal, regulatory and tax environment.
It enables up to 100 percent foreign ownership, full repatriation of profits and a competitive corporate tax rate of 10 percent on locally sourced profits, while welcoming a wide spectrum of financial and non-financial services firms. This latest development underscores QFC's continued commitment to enhancing institutional excellence and aligning its governance structure with international best practices, further strengthening its role in driving sustainable economic growth in Qatar.
Source: Qatar Tribune