an hour before
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What does it mean for Qatar to become a partner of Borsa Istanbul?
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Qatar is now one of Borsa Istanbul’s partners.
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With the agreement signed on Thursday, Qatar bought 10 percent of Borsa Istanbul’s share.
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It has not been disclosed how much the Qatar Investment Authority (QIA), the investment fund of the state of Qatar, paid for the partnership.
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Thus it fell 80.6 percent share in Turkey’s Istanbul Stock Exchange Fund assets.
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before signing the agreement with Qatar Turkey’s Asset Fund (TVF) was 90,6’y percent share in the Istanbul Stock Exchange.
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The other partners in the Istanbul Stock Exchange as follows: 1.30 Percentage of Turkey Capital Market Association (TSPB), 2.30 percent Borsa Istanbul Inc., 5.80 percent of the brokerage firms, banks, precious metals, owned by foreign exchange companies and other companies.
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This agreement is seen as further strengthening of relations between Qatar and Turkey.
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In recent years, the increasing number of commercial agreements between the two countries, Turkey, Qatar has led to the emergence of the question of Western partners tried to put in the right place.
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On the other hand the European Union is still one of Turkey’s largest trading partners.
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Europe was withdrawn from Borsa Istanbul
In 2015, a strategic partnership agreement was signed between the European Bank for Reconstruction and Development (EBRD) and Borsa İstanbul, thus EBRD acquired a 10 percent share of Borsa İstanbul.
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However, in 2019, following the appointment of former Halkbank manager Hakan Atilla as Borsa Istanbul General Manager, EBRD sold its share back to TVF.
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Bloomberg: Relations have been strong since 2016
In his report on Qatar’s acquisition of shares from Borsa Istanbul, Bloomberg emphasized that the relations between the two countries have strengthened since the coup attempt in 2016.
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Saudi Arabia boycott imposed during the Gulf countries led by Turkey stated that Turkey’s support of the Qatar since 2017 where the top was transferred to the troops in Qatar.
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Qatar established in 2018 during the crisis, Turkey has invested $ 15 billion and said it opened the credit line.
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This year, the limit of the swap agreement between the central banks of the two countries was increased to $ 15 billion.
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Financial Times: Qatar caught up in difficult times again
The British Financial Times newspaper is still a difficult period of Qatar said that Turkey’s economy grows by various agreements.
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The newspaper made these agreements, amounts stressed that it is important at a time when low even though Turkey needs foreign direct investment.
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Foreign direct investment to Turkey last year fell to $ 5.6 billion, which was the lowest rate in the last 15 years.
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Turkey on Thursday visiting Emir of Qatar Sheikh Tamim bin Hamad al Sani with President Recep Tayyip Erdogan, has signed 10 agreements in total.
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The agreement on Borsa Istanbul, on the other hand, raised questions about the structure of the stock exchanges and how the exchanges are managed in other countries.
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How do exchanges work and make money?
Considering how exchanges are managed, it can be seen that they are not different from any financial institution.
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However, the performance of a stock exchange is important for the country it is located in, as it indicates the strength of that country’s economy and the interest of foreign investors.
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Exchanges can be defined as the market places where securities such as bonds, bills and stocks, which are an investment tool, are bought and sold.
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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.
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Stock exchanges earn income from trading companies and from parties that buy and sell securities with the transaction fees they receive.
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Who owns the exchanges in other countries?
How stock exchanges are managed and company structures change in every country.
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For example, the multinational company NYSE Euronext has more than one stock exchange.
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NYSE Euronext is the world’s largest in terms of market capitalization, operating several stock exchanges such as the New York Stock Exchange, Euronext and NYSE Arca.
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Deutsche Borse, a stock exchange operating company in Germany, wanted to merge with NYSE Euronext, a public company; However, this merger was never realized.
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The Nasdaq stock exchange in the USA is also a public company.
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Tokyo Stock Exchange in Japan, on the other hand, is a joint stock company with banks and investment companies among the owners.
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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.
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When was Borsa İstanbul established?
Turkey in Istanbul Stock Exchange (BIST) with the first name of the Istanbul Stock Exchange was founded in 1985.
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Exchanges of Turkey under the same roof on the Istanbul stock exchange was found to be shareholders in the stock of other countries.
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It is common for different companies operating exchanges to buy each other or form partnerships.
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IPO has been delayed since 2015
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Like most companies operating stock exchanges in other countries, public offering has been on the agenda of Borsa Istanbul since 2015.
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However, this step is constantly being delayed.
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Borsa Istanbul General Manager Hakan Atilla said in February that Borsa Istanbul would be ready to be offered to the public at the end of this year.
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