Financial Sector Conference kicks off Wednesday in Riyadh

It follows last year’s Future Investment Initiative (FII) and the National Industrial Development and Logistics Program events, held at the same venue. (AN photo/Ziyad Alarfaj)
Updated 24 April 2019
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Financial Sector Conference kicks off Wednesday in Riyadh

  • Thousands have signed up for the two-day event including ministers and top policy makers

Thousands of delegates are expected to attend a two-day finance event in Riyadh, which starts on Wednesday under the patronage of King Salman.

The Financial Sector Conference is being held by the Ministry of Finance and Saudi Arabian Monetary Authority (SAMA).

Organizers of the event at the Ritz-Carlton conference hall in Riyadh said informally that some 3,400 attendees had signed up for the two-day showcase of the Kingdom’s financial industry, and that more were registering at an impressive rate.

Delegates include ministers from the finance, economy and strategic ministries, as well as top policymakers from capital markets, investment and insurance industries.

It follows last year’s Future Investment Initiative (FII) and the National Industrial Development and Logistics Program events, held at the same venue.

The event will involve the presence of the Saudi Real Estate Refinance Company (SRC), which is seen as a key to providing more affordable housing in the Kingdom and boosting home  ownership by citizens.

SRC, a subsidiary of Saudi Arabia’s sovereign Public Investment Fund, aims to issue up to SR4 billion ($1.07 billion) of long-term sukuk — or Islamic bonds — this year, its chief executive said on Tuesday.

“Our strategy is clearly to tap the market twice this year,” Fabrice Susini said. “We are really looking at probably issuing something between ... 2 and 4 billion riyals that we may be issuing in two tranches.”

 


King Salman receives Saudi Arabia’s regional governors 

Updated 22 May 2019
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King Salman receives Saudi Arabia’s regional governors 

  • The king directed the governors to take care of the citizens and expatriates' interests,

JEDDAH: King Salman received the governors of the administrative regions of Saudi Arabia, in Jeddah on Tuesday.

The king directed the governors to take care of the citizens and expatriates' interests, the Saudi Press Agency reported.

Crown Prince Mohammed bin Salman was in attendance, so too was the  Interior Minister Prince Abdulaziz bin Saud bin Naif and his deputy.

The governors were holding their 26th annual meeting.

The governors present at the meeting were:

Prince Khalid Al-Faisal, Advisor to the Custodian of the Two Holy Mosques and Governor of Makkah Region; Prince Mohammed bin Nasser bin Abdulaziz, Governor of Jazan Region; Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region; Prince Fahd bin Sultan bin Abdulaziz, Governor of Tabuk Region; Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Province; Prince Jalawi bin Abdulaziz bin Musa'ed, Governor of Najran Region; Prince Dr. Faisal bin Mishaal bin Saud bin Abdulaziz, Governor of Qassim Region; Prince Husam bin Saud bin Abdulaziz, Governor of Al-Baha Region; Prince Abdulaziz bin Saad bin Abdulaziz, Governor of Hail; Prince Turki bin Talal bin Abdulaziz, Governor of Asir Region; Prince Faisal bin Salman bin Abdulaziz, Governor of Al-Madinah Al-Munawarah Region; Prince Faisal bin Khalid bin Sultan bin Abdulaziz, Governor of the Northern Borders Region; and Prince Faisal bin Nawaf bin Abdulaziz, Governor of Al-Jouf Region.