| QFC ANNUAL REPORT 2023 KEY MILESTONES 2018-2023 2019 2021 2023 2018 517 firms registered by the end of 2018. Recognised by the International Swaps and Derivatives Association (ISDA) as an effective netting regime in July 2018. Assets Under Management reached US$ 11.4 billion. QFC Legal team awarded Legal Department of the Year Large Team at the fourth annual Qatar Business Law Forum and Awards. Launched Strategy to 2022 with renewed focus on digital, media, sports and financial services sectors. Investment Promotion Agency of Qatar (IPAQ) launched and registered on the QFC platform. Joined the World Alliance of International Financial Centres, and the Islamic Financial Services Board. Amended Data Protection Regulations and Rules to align with international standards. Opened the Ministry of Justice Real Estate Registration and Authentication office at QFC. Joined the Asian Financial Cooperation Association (AFCA). Issued QFC Real Estate Ownership Regulations 2021. Assets Under Management reached US$ 21.1 billion. Digital Assets Regulatory Framework approved for public consultation. Introduced a new online registrationprocess, streamlining licensing and incorporation of firms in QFC. Hosted inaugural edition of Family Business Community Retreat in collaboration with Julius Baer, bringing together 100+ family business leaders, industry experts from around the world. Launched Digital Assets Lab in alignment with Qatar Central Banks Fintech Strategy, advancing innovation within the financial industry. 2020 US$ 2.77 billion total gross value added by QFC. Unveiled #AccessQatar: QFC Webcast Series, engaging existing and prospective clients, and wider business community amidst COVID-19 pandemic and social distancing measures. Launched the QFC Tech Talk Series, designed to engage Qatars fintech community. Achieved and surpassed target of registering 1,000 firms by 2022. Received the Silver Telly Award 2020 for The Business Trip series - produced in partnership with Bloomberg Media Studios - profiling Qatar as the worlds leading investment destination. Introduced a new policy statement on licensing new international law firms in Qatar. 2022 Exceeded the 2022 target of registering 1,000 firms, achieving a total of 1,550. Launched the QFC Sustainable Sukuk and Bonds Framework - a first in the GCC region. QFC Legal Team won Legal Department of the Year 2022 at the Qatar LexisNexis Business Law Forum. US$ 1.89 BILLION of total gross value added by QFC Employees in the QFC registered entities grew from 2,843 in 2017 to 10,125 by the end of 2022 800 FIRMS registered by the end of the year QFC AT A GLANCE 1,799 FIRMS registered by the end of the year