Saudi capital market growth hailed at HSBC-Saudi Exchange summit

Saudi capital market growth hailed at HSBC-Saudi Exchange summit

Riyadh: The success of recent IPO listings in Saudi Arabia was recognized as a strong regional economic catalyst at a conference in London last week hosted by Saudi Exchange and HSBC.

The exchanges summit featured speakers including HRH Prince Khaled bin Bandar bin Sultan Al Saud, the Saudi ambassador to the UK, and His Excellency Mr. Mohammed Elkuwaiz, Chairman of the Capital Market Authority along with a number of officials from Saudi Exchange and HSBC. The summit was part of the first pan-regional stock exchange event hosted by HSBC Bank Middle East. The conference connected the exchange with international investors and stakeholders from across the public and private sectors. through 89 group meetings and 96 one-to-one sessions. It was attended by more than 130 individuals representing some of the biggest institutional investors, as well as more than 20 listed companies.

“Having world class global banking and markets capabilities in the Middle East is how we helped clients in the region raise more than US$19 billion from investors worldwide in 2021, placing us on top of Bloomberg’s equity and debt rankings in 2021,” said Stephen Moss, HSBC’s Regional Chief Executive for the Middle East, North Africa and Turkey (MENAT).

“In Saudi Arabia, we are