ASIFMA / Saudi Exchange – Exploring Opportunities in the Saudi Capital Markets
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ASIFMA / Saudi Exchange – Exploring Opportunities in the Saudi Capital Markets
Thursday,4 May 2023, Virtual Event
Time: 16:00 – 17:00 HKT/CST/SGT (Time Zone Converter)
Summary
Developments and Opportunities in the Saudi Exchange:
Saudi Exchange is ranked the largest in GCC and MENA regions, and the 3rd largest among its top emerging market peers. As of Feb 2023, Saudi Exchange is valued at SAR 9.72 trillion (USD 2.59 trillion) by Market Cap – Main Market, SAR 8.46 million ($2.26 million) in value traded (source WFE). Over the past 15 years, the number of financial institutions operating in the KSA has increased significantly with most of the large international players having now built their presence there. KSA capital is attracting interest beyond its traditional European and US stakeholders. Asia Pacific – China in particular – is leading the group of newly interested parties. To better understand the KSA capital markets and their opportunities, ASIFMA and Saudi Exchange are organizing a webinar on May 4th, 2023. During the session, the panelists and contributors will provide an overview of the Saudi economy, its financial market infrastructures, landscape, product offering, and regulatory requirements to access the market.
At ASIFMA, we are committed to ensuring diversity and inclusion in our workplace and this policy is applied in all areas of our business including speaker roles at our events and conferences. We wish to work with members and partners who share this same commitment and are willing to support this policy. We welcome your feedback on content. You can email: wsargent@asifma.org.
Agenda
| HKT/CST/SGT | Overview of the KSA |
| 16:00 – 16:05 | Welcome Remarks Philippe Dirckx, Managing Director, Head of Fixed Income, ASIFMA |
| 16:05 – 16:15 | Macro-economic Overview Overview of the Saudi economy which will highlight the Kingdom’s key industries: Foreign investment (inflow), economic partners, and relationship with Asia and China in particular. How is the KSA economy diversifying / has diversified from oil as its historical prime source of revenues? How is it looking at embedding green finance and carbon neutrality in its long-term development plans? How is the financial market structure and infrastructures of the KSA supporting the economy? Speaker: Bandar Al Blehed, Head of Client Relations Development, Saudi Exchange |
| 16:15 – 16:45 | Panel: Product Development and Opportunities What is the driving force to invest in the Saudi market? What is the availability/liquidity of instruments that enables the execution of these strategies? Who are the active participants in the primary and secondary markets? Panelists: Steven Chou, Chairman, Valuable Capital Financial Company, KSA Ramez Halazun, Director, Equity Capital Markets, HSBC Omar Al-Helali, Head of Asset Management, Ashmore Moderator: Oliver Kadhim, Co-Head of Asia Equity Execution, HSBC |
| 16:45 – 16:55 | Market Access and Regulations What are the regulatory and operational aspects of the Saudi market such as the requirements and eligibility to access the market? What is the registration, investor ID, access channels, clearing membership, omnibus, segregated accounts, disclosure, ISO standards, and settlement cycle? How does this compare to other international financial centers, like the US, UK, and the EU? |
| 16:55 – 17:00 | Q&A / Closing Remarks Philippe Dirckx, Head of Fixed Income, ASIFMA |
Endorser
