HSBC hosts Saudi Arabia Investment Forum in Hong Kong

HSBC recently hosted more than 100 institutional investors from across Asia, senior officials from Saudi Arabia and executives from some of the Kingdom’s biggest companies in an invitation-only event focused on the government’s ambitious Vision 2030 transformation agenda.
The HSBC Saudi Investment Forum in Hong Kong brought together senior members of the Saudi government, Saudi Arabian Monetary Authority (SAMA), Capital Market Authority of Saudi Arabia (CMA), Saudi Stock Exchange (Tadawul) and seven Tadawul-listed companies.
The day of presentations and talks highlighted the significant investor interest in Asia as well as details on the progress of Saudi Arabia’s quest to grow and diversify its economy.
HSBC’s heritage as the world’s leading international bank uniquely positions it to bring together investors in the Middle East and Asia.
Khalid Abdullah Al-Hussan, CEO of Saudi Stock Exchange, said: “Tadawul supported by the Saudi Capital Market Authority has made significant strides this year in enhancing efficiency, corporate governance, and creating an attractive investment climate for both local and international investors. MSCI, FTSE Russell, and S&P Dow Jones have recognized the milestones undertaken in the Saudi Capital Market which reflect investor confidence in our market. We are fully committed to paving the way toward full inclusion in global Emerging Market indices and further pushing forward Saudi Arabia regionally and globally as a dynamic capital market player.”
Georges Elhedery, deputy chairman and CEO of HSBC Bank Middle East Limited, said: “The Middle East is home to the world’s most ambitious economic transformation program and the development of Saudi Arabia’s capital markets are a key part of that story. Our long presence in Saudi Arabia over six decades means we can truly help the Kingdom tell its story to global investors.”
Fahad Al-Saif, president of Saudi Arabia’s Debt Management Office, and Fahad Alshatrhi, deputy governor for research and international affairs, SAMA, participated in a panel discussion on macroeconomic developments in the Kingdom and wider region, which was moderated by Simon Williams, chief economist — CEEMEA, HSBC.
Mohammed El-Kuwaiz, chairman of Saudi Arabia’s Capital Market Authority, participated in a panel discussion on capital market reform alongside Al-Saif, Al-Hussan, and Robert Ansari, executive director of MSCI. Rajiv Shukla, head of global banking and markets at HSBC Saudi Arabia, moderated the session.