May 01 2012
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Sukuk can foster economic development in Saudi Arabia
Alternative Means of Funding to be discussed at Euromoney Saudi Arabia Conference 2012
Jeddah: Spurred by the global economic turmoil, global deleveraging leads to a reduction in global bank credit available for Saudi companies and projects. But funds are needed and the government is correctly reluctant to provide it directly.
During this year's Euromoney Saudi Arabia Conference which will be held in Riyadh on 22-23 May 2012 in partnership with the Ministry of Finance, key figures from the public and private sector will discuss how this funding gap can be filled.
Foreign investors have been able to buy Saudi shares indirectly by means of total return swaps via licensed brokers up to now. If Saudi Arabia opens its equity market to direct foreign participation, then it will be in MSCI index and account for around 2% of that index.
Saudi companies also need to focus more on investor relations - which is good in some companies such as Almarai and Mobily however it is minimal or bad in most companies.
Sukuk, and equity market will be under close scrutiny during Euromoney Saudi Arabia Conference 2012. Key entities from the public and private sectors such as lead sponsors Bank Albilad, Albilad Investment Co., BNP Paribas, Gulf International Bank, HSBC, Mobily, NCB, Samba, SambaCapital and Saudi Fransi Capital and Banque Saudi Fransi will be participating at Euromoney Saudi Arabia 2012, which is now firmly established as the most influential financial conference in Saudi Arabia.
Please visit www.euromoneyconferences.com/saudi for more details.
About Euromoney Conferences
Euromoney is the world's leading organiser of conferences for capital markets and cross-border investment. The company produces over 50 international events each year, from Austria to Zambia, for portfolio and direct investors, financial intermediaries, corporations, governments, banks and financial institutions.
Euromoney conferences offer financiers and policy-makers the opportunity to exchange ideas, develop new contacts and participate in informed, impartial and leading edge discussions. www.euromoneyconferences.com
The Euromoney Conference business grew out of Euromoney, the strategic magazine of international finance, money and capital markets that has long been regarded by the banking and investment community as the leading publication in its field.
For more information, please contact:
TRACCS - Jeddah
Tel: (+966) 2 6625757
Fax: (+966) 2 6399540
© Press Release 2012
© Copyright Zawya. All Rights Reserved.
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