Faris AlGhannam,CEO ofHSBC Saudi Arabia
HSBC Saudi Arabia currently covers more than 60 listed companies on the Saudi market, with over half carrying “Buy” recommendations, CEO Faris AlGhannam told Argaam.
This is considered a clear sign of the continued presence of attractive investment opportunities over the medium and long term.
On the sidelines of the Future Investment Initiative (FII) conference, AlGhannam commented on the Capital Market Authority’s (CMA) proposal to open the main market to all foreign investors. He said the market reacted positively to the announcement, adding that the move will drive expansion in two key areas.
The first is that Saudi Arabia’s weighting in global emerging market indices is expected to rise, which could attract capital inflows of up to $10 billion.
The second is that many Saudi companies previously fell outside the scope of foreign investor interest due to ownership limits, a restriction that will now ease, unlocking new avenues for strategic, long-term investments.
AlGhannam noted that the tangible impact of the decision will appear in the coming quarters, once the decision is implemented and the weights change.
Discussing current market performance, HSBC Saudi Arabia CEO pointed out that the secondary market saw temporary liquidity declines on repositioning operations by some investment institutions. Meanwhile, the initial public offerings (IPOs) and debt issuance markets remained highly active, reflecting the sustained investment momentum in the Saudi economy.
Faris AlGhannam,CEO ofHSBC Saudi Arabia
HSBC Saudi Arabia currently covers more than 60 listed companies on the Saudi market, with over half carrying “Buy” recommendations, CEO Faris AlGhannam told Argaam.
This is considered a clear sign of the continued presence of attractive investment opportunities over the medium and long term.
On the sidelines of the Future Investment Initiative (FII) conference, AlGhannam commented on the Capital Market Authority’s (CMA) proposal to open the main market to all foreign investors. He said the market reacted positively to the announcement, adding that the move will drive expansion in two key areas.
The first is that Saudi Arabia’s weighting in global emerging market indices is expected to rise, which could attract capital inflows of up to $10 billion.
The second is that many Saudi companies previously fell outside the scope of foreign investor interest due to ownership limits, a restriction that will now ease, unlocking new avenues for strategic, long-term investments.
AlGhannam noted that the tangible impact of the decision will appear in the coming quarters, once the decision is implemented and the weights change.
Discussing current market performance, HSBC Saudi Arabia CEO pointed out that the secondary market saw temporary liquidity declines on repositioning operations by some investment institutions. Meanwhile, the initial public offerings (IPOs) and debt issuance markets remained highly active, reflecting the sustained investment momentum in the Saudi economy.
