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- Investor Relations workshop hosted by the Middle East Investor Relations Association (MEIRA) in collaboration with Saudi Stock Exchange (Tadawul)
- Attended by 70+ representatives of Saudi listed companies
- Saudi companies are boosting efforts to align IR functions with international standards
Riyadh, Saudi Arabia: 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.
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About the Middle East Investor Relations Association
The Middle East Investor Relations Association (MEIRA or ‘the Association’) is an independent, non-profit organisation dedicated to promoting the Investor Relations (IR) profession and international standards in corporate governance. The mission of MEIRA is to enhance the reputation, efficiency and attractiveness of the Middle East capital markets.
This is delivered by fostering increased dialogue among members and encouraging the IR community to share the global benchmark in best practice within the field of IR. In partnership with stock exchanges, regulators and other market participants, MEIRA supports companies through its professional development and certification programmes as well as its membership community and network of country Chapters.
For more information relating to events, membership, education, training, sponsorship or media opportunities please contact:
Alicia Gallego Martinez Marketing, Communications and Events Manager
Email: pr@meira.me
Phone: +971 (0)4 309 7034
All information is also published on www.meira.com
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