DDCAP were delighted to be invited to attend the Euromoney Saudi Arabia Conference co-hosted by the Minister of Finance and Euromoney which was held at Al-Faisaliah hotel in Riyadh, Saudi Arabia from the 3rd to 4th of May, 2016.
The opening keynote address was given by the Minister of Finance, H.E. Dr Ibrahim Al-Assaf, with other Government Ministers such as H.E. Dr Tawfiq Al-Rabiah, Minister of Commerce and Industry, H.E. Dr Muffarrej Al-Haqbani, Minister of Labour and Social Development and H.E. Mr Mohammad Al-Jadaan, Chairman of the Capital Market Authority involved in keynote interviews during the two day conference.
Other speakers at the conference include Mr Khalid Al-Hussan, Chief Executive Officer of the Saudi Stock Exchange, Ms Sheila Patel, Chief Executive Officer of International Goldman Sachs Asset Management, Mr Richard F. Lacaille, Global Chief Investment Officer of State Street Global Advisors and Mr Mahmoud Alkooheji, Chief Executive Officer of Mumtalakat, the investment arm of the Kingdom of Bahrain.
Participants at the conference were enlightened on the macro-economic outlook of Saudi Arabia as well as the resilience of the Kingdom in dealing with volatilities in the global financial markets. The future of the Kingdom’s debt and equity markets was also discussed in light of the recent opening of the stock exchange to foreign investors and areas where private capital will be required.