The Saudi Stock Exchange held the third and final summit of its international roadshow in New York on Friday, marking the end of a series of stops that included events in Singapore and London.
The high-level delegation, led by Adel Al-Ghamdi, Chief Executive Officer, Saudi Stock Exchange, has been seeking to strengthen international awareness and raise the profile of the Saudi market to international investors. Throughout the roadshow, officials from the Saudi Stock Exchange, the Capital Market Authority and representatives from the Kingdom' s major issuers have engaged in high-level talks and meetings with regional officials, private sector leaders, media and institutional investors looking to access the market.
By the end of the roadshow the number of attendees in all three cities reached nearly 580, in addition to 25 Saudi listed companies, 200 investors and over 500 one-on-one investor meetings.
On the conclusion of the roadshow, Adel Al-Ghamdi commented:
"It has been pleasing to conclude the international roadshow on such a strong note. International investors and the media have been particularly keen to understand the strategic context of the qualified investor programme, future plans for the Saudi market, and the challenges and opportunities for investors in various sectors. "
"Securing foreign investment and greater institutional involvement will play a critical role in shaping the Saudi capital market into one of the largest, most liquid emerging market investment destinations. We are delighted that the international roadshow has been such a success it is still early in what is a long term process, but the progress so far is very encouraging. "
"The roadshow has been a critical part of generating awareness about the Saudi market to foreign investors. My team and our partners have worked extremely hard to ensure that investors are fully informed about the opportunities that lie await, and our efforts have been warmly received by the investment community. "
"I would like to pay special tribute to the senior executives of the 25 listed companies that joined us on this journey, as well as to our chartered and associate sponsors, and our hosts the Government of Singapore Investment Corporation, the London Stock Exchange, the World Federation of Exchanges, the CityUK, NASDAQ, and the National US-Arab Chamber of Commerce. "
"I would also like to thank the Capital Market Authority for their unwavering support throughout this journey, and to the senior delegates from our Embassies in Singapore, the UK, and the US who made every destination feel like home."
