Saudi capital market growth hailed at HSBC-Saudi Exchange summit


Riyadh: The success of recent IPOs in Saudi Arabia was recognized as a powerful regional economic catalyst at a conference in London last week organized by Saudi Exchange and HSBC.

The trading summit featured speakers including HRH Prince Khaled bin Bandar bin Sultan Al Saud, the Saudi Ambassador to the UK, and His Excellency Mr. Mohammed Elkuwaiz, Chairman of the Capital Market Authority, as well as a number of Saudi Exchange and HSBC officials. The summit was part of the first pan-regional stock market event organized by HSBC Bank Middle East. The conference linked the exchange with international investors and public and private sector stakeholders. through 89 group meetings and 96 individual sessions. It brought together more than 130 people representing some of the largest institutional investors, as well as more than 20 listed companies.

“It is through having world-class banking and global markets capabilities in the Middle East that we have helped clients in the region raise more than US$19 billion from investors around the world in 2021, which puts us at the top of the Bloomberg Stock and Debt Rankings in 2021,” said Stephen Moss. , HSBC Regional Managing Director for the Middle East, North Africa and Turkey (MENAT).

“In Saudi Arabia, we are the leading international investment bank, in addition to being a 31% shareholder of Saudi British Bank (SABB). New listings are skyrocketing, billions of dollars are being raised to boost long-term investment, and global investors’ already substantial appetite for exposure to the region is growing,” Moss added.

Topics on the agenda include ESG, equity capital markets, global energy demand and economic diversification across the Kingdom.

“In the midst of a very successful year for the Saudi Exchange, we are delighted to be here in London to discuss investment opportunities in the Kingdom and the many recent and upcoming improvements in the Saudi capital market. We also talked about our efforts to promote ESG in the Saudi capital market, in particular our ESG disclosure guidelines,” said Mohammed Al Rumaih, CEO of Saudi Exchange.

“The growing number of IPOs, as well as the continued interest from international investors, are strong evidence of international confidence in the Saudi capital market,” Al Rumaih added.

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Will Blair
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catherine pitt
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HSBC in the MENAT region

HSBC is the largest and most represented international banking organization in the Middle East, North Africa and Turkey (MENAT), with a presence in nine countries in the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder in Saudi British Bank (SABB) and a 51% shareholder in HSBC Saudi Arabia for investment banking in the Kingdom. In the MENAT region, HSBC had assets of US$71 billion as of December 31, 2021.

About Saudi Exchange

Saudi Exchange is the entity authorized in the Kingdom of Saudi Arabia to act as the stock exchange of the Kingdom (The Exchange), to list and trade in securities. The Saudi stock market is one of the largest stock exchanges among the 67 members of the World Federation of Exchanges, the dominant market in the Gulf Cooperation Council (GCC) and the 3rd largest stock market among its emerging market peers. For more information, visit:


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