The most authoritative review of Saudi Arabia’s capital markets is underway following a tie up between HSBC Saudi Arabia Limited, the Kingdom’s first global investment bank, and Oxford Business Group (OBG), the publisher of the world’s most insightful business intelligence guides.
Working together with HSBC Saudi Arabia, OBG will produce an essential review of the Kingdom’s capital markets sector for inclusion in its ‘The Report: Emerging Saudi Arabia 2007”
Oliver Cornock, Country Editor, OBG believes that the research partnership with HSBC Saudi Arabia comes at a time when the kingdom’s financial industry is subject to an enormous momentum for change, and that critical timely analysis will be key to all stakeholders ability to make informed decisions.
“We are very pleased to have HSBC Saudi Arabia as our capital markets partners. An economy’s financial markets form the bedrock for development in almost all areas, and I am confident that working with a respected partner like HSBC Saudi Arabia will ensure we have an accurate and insightful guide to the Kingdom’s rapidly evolving financial sector,” he said.
Tim Gray, Chief Executive, HSBC Saudi Arabia explains other issues facing the market
“Although we have recently witnessed a fall in investor interest in the domestic equity capital market, due to the recent market correction, we consider that the domestic capital markets will continue to form an important component of investor portfolios, especially as the market continues to develop and mature.
“The domestic capital markets as a whole are young and vibrant with tremendous potential; it has the ability to accommodate further quality equity issuance and also other capital market instruments such as Sukuk (or Shariah-compliant bond). Sukuk have significant potential to become an attractive mechanism for Saudi institutions, particularly in terms of funding the infrastructure and real estate investment planned in the coming years. Having led the first domestic Sukuk issuance here in the Kingdom in 2006 and winning the Euromoney award for Best Sukuk House in 2007, HSBC are well-placed to lead the development of this exciting new area for the Kingdom.”
The partnership with HSBC Saudi Arabia underscores OBG’s commitment to co-operating with locally-based institutions in compiling its signature series of top level country economic and political assessments. OBG’s hallmark of unrivalled market intelligence combines the publisher’s international expertise with on-the-ground knowledge of world class, locally-based institutions.
“We recognise the value of our partnership with a professional sector leader and believe that the link allows our partners to enhance their brand name internationally as our publications are considered to be among the most prestigious economic intelligence publications. This informed partnership will deliver a report of world-class standing which will go a long way to ensuring the success of The Report: Emerging Saudi Arabia 2007,” explains Michelle Solomon, Country Director, OBG.
Written by a team of OBG’s international analysts, based in Riyadh, the 200 page report is hotly anticipated with circulation expected to reach the 70,000 mark.
‘The Report: Emerging Saudi Arabia 2007”’ will be available in the second quarter of this year.
About Oxford Business Group
Oxford Business Group (OBG) is a UK-based publishing, research and consultancy services organisation. OBG publishes economic and political intelligence on the markets of The Middle East, Eastern Europe, North and South Africa, and Asia. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
Written by a team of seasoned analysts, based on the ground for six months, the critically acclaimed series of economic, political and business reports have become the leading source of intelligence on the rapidly developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.
For further information: Sonia Larsen, MCS/Action, PO Box 20970, Dubai, United Arab Emirates. Tel: +9714 390 2960; fax: +9714 390 8161, email: sonia.l@actionprgroup.com.
About HSBC Saudi Arabia
HSBC Saudi Arabia Limited (the “Bank”) is the first global full-service, independent investment bank in the Kingdom of Saudi Arabia licensed under the Capital Market Law. Incorporated in 2006.
The Bank provides a full range of corporate finance services including investment banking advisory, debt and project finance as well as Islamic finance. It also manufactures and manages a total of 26 equity and money market funds, as well as offering discretionary portfolio management. It serves a wide range of clients including but not limited to corporates, non-bank financial institutions and individuals. In June 2006, HSBC Saudi Arabia Limited won Euromoney’s the “Best Investment Bank in Saudi Arabia” award, confirming the Bank’s pre-eminent position in providing a world first class investment banking offering.
The Bank also manages the domestic and international equity brokerage services offered by SABB, as well as SABB’s Securities Services Business.
