Tadawul Group will host the Hong Kong edition of its Capital Market Forum this Thursday, 9 May, according to a statement. The two-day event, a partnership between Tadawul and the Hong Kong Stock Exchange (HKEX), aims to drive integration between the two bourses, according to a joint release (pdf. You can find the agenda online here.
In context: The event is the latest on Tadawul’s drive to open a Hong Kong-Riyadh investment corridor.
What’s on the agenda? Day one is split into three tracks, with the first tackling global partnerships before moving on to look at investment highlights of Hong Kong and Saudi. It wraps with a look to the future with a discussion of “next-gen” nations. Corporate access meetings on both days will see companies presenting directly to investors.
Want to attend? It’s an invite-only event, but you can use this link to let them know you would like to attend.
The event looks set to bring together some big names, including Deputy Investment Minister for Investment Transactions Saleh AlKhatbi; Financial Secretary to the Government of the Hong Kong Special Administrative Region Paul Chan Mo-po; Tadawul Group CEO Khalid AlHussan; HKEX CEO Bonnie Y Chan; Acwa Power CEO Abdulhameed AlMuhaidib; and Xiami CEO Alain Lam.
Presenting companies and leading sponsors include our friends at Cenomi Centers, Al Hammadi Holding, Retal, HSBC, EFG Hermes, and CI Capital. Others include Aramco, Ades Holding, SAB, Saudi National Bank, and more.
This is part of a Saudi push into Asian markets: The Public Investment Fund (PIF) held its FII Priority Summit last December in Hong Kong, where the Financial Times quoted FII head Richard Attias as saying that both the chair and CEO of the Hong Kong Exchange have “close friends” at the FII and have been “extremely active” in visiting Saudi Arabia.
AND- Tadawul signed a MoU with the Shenzhen stock exchange — during the China-Saudi Investment Conference held last December in Beijing — that could pave the way for dual listings along with cooperation in areas of fintech, ESG, investor relations and research.