K&L Gates Advises Amwal on Landmark Fund Launch
5 March 2018
Michael J Rick
- The Doha office of global law firm
K&L Gates LLP
has advised Qatari asset management firm Amwal on the listing of the first-ever exchange traded fund (ETF) in Qatar, also the largest ETF in the Gulf Cooperation Council (GCC).
The K&L Gates team that advised on the matter, which demonstrates the growing sophistication of the Qatari financial services sector, consisted of Doha partner Amjad Hussain, Washington, D.C., partner Stacey Fuller, and Doha associates Jaime Oon and Mohammed Tartir.
Fahmi Alghussein, Chief Executive Officer of Amwal, stated: “We are very proud to have worked with Amjad Husssain and K&L Gates on the Qatar ETF. The team’s experience in global ETFs provided invaluable insight into the various rules and regulations around the world. Additionally, the team’s contributions on the ground in Qatar were essential to the success of the project.”
Amjad Hussain commented: “Building on the global strength of the firm’s international investment management practice, this matter serves as an example of how K&L Gates’ Doha office has quickly established itself as the go-to place for complicated first-of-their-kind funds transactions in the local market. We are delighted to have assisted on the establishment of this ETF, effectively managing the technical and regulatory challenges.”
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