Gulf Exchanges Gather At The 3rd Annual HSBC GCC Conference In London

The HSBC GCC Conference served as a platform for connecting the Gulf Cooperation Council stock exchanges with global investors and stakeholders across diverse sectors and industries. It welcomed distinguished speakers and regional stock exchanges to discuss the evolving landscape of the GCC market and explore initiatives, achievements and key strategies for continued development.

The four-day event in London was attended by prominent figures from across the GCC, including; HRH Prince Khalid bin Bandar Al Saud, the Saudi Ambassador to the United Kingdom; Abdulaziz Bin Hassan, Board Member of the Capital Market Authority in Saudi Arabia; and Rayan Fayez, Deputy CEO of NEOM.

The topics discussed various economic diversification plans throughout the GCC, including sustainable development and decarbonization efforts, megaprojects and their role in shaping the financial sector, and the latest developments and reforms in capital markets across the region.

During the conference, the delegation from Saudi Tadawul Group and its subsidiaries highlighted the Kingdom’s strategic position as a global financial hub and gateway for investment opportunities in the GCC. They explored the recent growth of the Saudi capital market, emphasizing economic diversification and transformation under Vision Saudi 2030. The discussions covered strategic initiatives, regulatory advancements, and future opportunities shaping the Saudi capital market.

Speaking on the occasion, Mohammed Al Rumaih, CEO of the Saudi Exchange, said, “The HSBC GCC Conference is an important opportunity for us to educate international audiences about the strength of the Saudi capital market, demonstrate the improvements being made to our infrastructure, highlight investment opportunities, and connect GCC stock exchanges with international investors. Since last year’s event, we have seen significant growth in the Saudi capital market, recently marking a significant milestone of 400 listed securities on the Saudi Exchange, and continue to witness robust interest from issuers and investors alike.”

Faris Al Ghannam, CEO & Board Member of HSBC Saudi Arabia said, “The Kingdom is undertaking one of the world’s most ambitious economic transformation and diversification plans and that is a powerful message for global investors who are increasingly aware of the potential here. As a US$1 trillion G20 economy, this transformation is at a scale on a global level, marking a pivotal moment and an unmissable opportunity for many investors globally.”