Year 2018

February 4, 2018

Saudi Arabia’s economic transformation engages Deutsche Bank clients at Davos

Deutsche Bank hosted a special event on Saudi Arabia’s economic transformation for some of its top global institutional and wealth management clients during this year’s World Economic Forum meeting in Davos, Switzerland.

The event, one of a series of lunchtime panel discussions, was organised to promote Saudi capital markets and highlight the positive investment environment in the Kingdom of Saudi Arabia to global institutional investors, in light of the economic reforms announced by the Kingdom under Vision 2030.

It was also an opportunity to deepen Saudi Arabia’s engagement with the international investment community, demonstrating the country’s commitment to maintaining momentum in further enhancing transparency, high levels of corporate governance and operational efficiency.

Around 70 institutional investors posed questions to Mr. Sultan Mofti, Deputy Governor for Investment Attraction at the Saudi Arabian General Investment Authority (SAGIA), along with Deutsche Bank’s Christian Sewing, President and Co-Head of the Private & Commercial Bank (PCB), Fabrizio Campelli, Global Head of Wealth Management, Salman Mahdi, Global Vice Chairman for Wealth Management, and Jamal Al Kishi, Chief Executive Officer Middle East and Africa.

“The level of interest from our banking clients and partners in the progress achieved through Saudi Arabia’s Vision 2030 and the National Transformation Plan was telling,” Al Kishi said. “Clients want to learn more and are keen on the opening of the Saudi capital market to foreign institutional investment.”

He added: “We already expect over USD 40 billion of international fund inflows following the Tadawul’s achievement of MSCI Emerging Markets index status. This meeting in Davos along with the significant interest in Saudi Arabia shown over the week augers well for the future success of Saudi Arabia’s capital markets.

“We at Deutsche Bank believe that the opening of the Saudi equity market to global investors represents a major milestone -- not just for the Kingdom but the entire Middle East and one that demands a great deal of attention from institutional investors globally.”

Deutsche Bank economists expect the Saudi capital market to remain buoyant on the back of the nearing upgrade to MSCI emerging market status and the launch of the Nomu parallel market. Initial public offerings and Real Estate Investment Trusts (REITs) have been oversubscribed and continue to attract interest.

Deutsche Bank has a significant presence in Saudi Arabia, with more than 85 professionals on the ground, offering a full range of investment banking, capital markets, wealth management and global transaction services.


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Last Update: February 6, 2018
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