HSBC will host its MENA Investor Forum in New York on 26 and 27 March 2018. Over the course of the two days, corporates, exchanges and regulators from across the Middle East and North Africa (MENA) will meet with investors one-on-one to update them on their recent strategic developments and demonstrate their investment case. Over 70 institutional investors from across the United States are expected to attend the Forum.
Georges Elhedery, Deputy Chairman and CEO of HSBC Bank Middle East Limited, said, “The Middle East is home to the world’s most ambitious economic transformation agenda and enhancements to the region’s capital markets are a pivotal part of the work being done to align access to the region with record high levels of global institutional investor interest.”
Over 25 of the largest companies in the MENA region - representing more than US$240 billion of market capitalisation - will be participating in the Forum. In addition to the companies themselves, senior representatives of the Abu Dhabi Securities Exchange (ADX), Boursa Kuwait, Capital Markets Authority – Kuwait, and Saudi Stock Exchange (Tadawul) will all be participating in the Forum.
During lunch of the first day of the Forum, the Vice Chairman and Acting Managing Director of the Kuwait Capital Markets Authority, Mishaal M. Al-Usaimi, will discuss on stage how Kuwait is preparing itself for greater internationalisation of its capital markets. This will be followed by a panel discussion, ‘GCC equity markets – taking centre stage’, hosted by John Lomax, Head of Global Emerging Market Equity Strategy at HSBC, with Khaled Abdulrazzaq Al Khaled, CEO of Boursa Kuwait; Rashed Al Blooshi, Chief Executive of ADX; and Hüseyin Erkan, Senior Advisor to the CEO at Saudi Stock Exchange.
Media enquiries to:
Edward Moore
+971 54 309 6283
edward.j.moore@hsbc.com
HSBC in the MENAT region
HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Turkey (MENAT), with a presence in 9 countries across the region. HSBC has operations in the United Arab Emirates, Egypt, Turkey, Qatar, Oman, Bahrain, Kuwait and Algeria. In Saudi Arabia, HSBC is a 40% shareholder of Saudi British Bank (SABB), and a 49% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom.
This presence, the widest reach of any international bank in the region, comprises some 350 offices and around 10,500 employees. In the year ending 31st December 2017, HSBC in the MENAT region made a profit before tax of US$ 1.5bn.
© Press Release 2018
