Meira Hosts IR Workshop to Help Issuers Engage International Audiences

Press release
Published December 19th, 2018 - 06:31 GMT
During the workshop
During the workshop

More than 70 representatives of Saudi listed companies attended an IR workshop organized by the Middle East Investor Relations Association (MEIRA) in collaboration with Saudi Stock Exchange (Tadawul). The workshop, part of MEIRA’s and the Saudi exchange’s educational series to develop IR capabilities in the Kingdom, advised IR officers and other delegates on how to engage with international buy- and sell-side audiences. Earlier in the year, MSCI upgraded the Kingdom of Saudi Arabia to Emerging Market status, putting it firmly in the eye of global investor audiences.

The workshop took place with the support of the Capital Market Authority (CMA), Mobily, Instinctif Partners, Closir, HSBC Saudi Arabia and NCB Capital. During the workshop, panels and presentations discussed what analysts expect from an IRO, how to best communicate with a global buy-side audience, and how to build and deploy an IR toolkit.  Sessions highlighted the importance of maintaining open communication with investors through proactive disclosure, identifying and addressing key concerns, and engaging analysts.

Tareq Al Angari, Head of Investor Relations at Mobily and MEIRA Saudi Board Member, added: “We have seen tremendous progress in improving governance and IR in the Kingdom, and we welcome initiatives to advance the IR capabilities of issuers in the market. Saudi companies are increasingly looking to engage with regional and international investors and analysts, and in a competitive landscape they will need both the knowledge and the tools to achieve this goal. It was our pleasure to share our own insights today, and to hear those of our event partners.”

Samantha Bartel, Managing Partner of Instinctif Partners MENA and MEIRA Saudi Board Member, said: “We see great potential in the region for issuers to tap into international markets. IR capabilities are rapidly maturing in the Kingdom and we are pleased to support Tadawul and MEIRA in this workshop, to help guide issuers on the tools and information they need to build a strong IR function and deliver a compelling investment story.”

“Understanding how to engage the buy-side and what is required to create a compelling IR programme is vital for Saudi companies in an increasingly globalised market. We’re delighted to show how technology can play a role in this transformation.” added Michael Chojnacki, Managing Director of Closir and Co-founder of the Middle East IR Association.

Background Information

The Saudi Stock Exchange (Tadawul)

On the 19th of March 2007, the Council of Ministers approved the formation of The Saudi Stock Exchange (Tadawul). This was in accordance with Article-20 of the Capital Market Law establishing Tadawul as a joint stock company. Tadawul is the sole entity authorized in the Kingdom of Saudi Arabia to act as the Securities Exchange (the Exchange). It mainly carries out listing and trading in securities, as well as deposit, transfer, clearing, settlement, and registry of ownership of securities traded on the Exchange. The legal status, duties, and responsibilities of the Exchange and Depository Center are explicitly defined in the Capital Market Law (CML) issued by Royal Decree Number (M/30), dated on June 16, 2003. The Exchange is also the official source of all market information.

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