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ACWANET Knowledge & Collaboration Platform

Enterprise Solutions and Resource Management

Enabling Function

Capital Markets & ESG Finance

Back
Tuesday

February 6, 2024

8:00 am  

 

Registration and networking

8:00 am  

 

Registration and networking

8:55 am  

 

Recitation of the Qu’ran and chairperson’s
opening remarks

Speaker
Ahmed AlQassim
Group Head of Wholesale Banking
Emirates NBD 

Ahmed Al Qassim
Group Head, Emirates NBD

9:00 am  

 

Keynote Interview: An insight into Saudi
Arabia’s funding landscape & economic growth

  • From local to global champion: What role does the Public Investment Fund play in transforming & developing Saudi Arabia’s economy?
  •  What is the strategic vision for leveraging funding capacity in the Kingdom? How does Saudi Arabia aim to ensure long-term sustainability through it’s funding strategies?
  • What role do regional and international banks play in enhancing the capacity of funding? How does it influence the Kingdom’s economic landscape?
  • How has the Public Investment Fund become a driving force in allocating funds to key sectors?
     

Moderator - Fahad Al-Deweesh, Chief Executive Officer, Citi 
Speaker - Rasees Al Saud, Senior Director, Head of Financial Institutions & Investor Relations, Public Investment Fund (PIF) 

Fahad Al-Deweesh
Chief Executive Officer, Citigroup Saudi Arabia
Rasees Al Saud
Senior Director, Public Investment Fund

9:15 am  

 

C-Suite Roundtable: A top-down perspective
from industry leaders on growth and risks for
the year ahead

  • Growth and CAPEX locally, regionally and internationally: Where will the opportunities come? 
  • M&A, outbound investment, and diversification: Scanning sectors, industries, geographies
  • Funding requirements and investment needs: How much capital is needed? How much will be raised? Where and under what circumstances?
  • Risks – real, perceived and expectations: What is front-of-mind for those running and managing Saudi Arabia’s leading businesses?
     

Moderator - Bhupinder Singh, Head of Leveraged & Acquisition Finance, First Abu Dhabi Bank (FAB)
 

Speakers:

  • Abdulhameed AlMuhaidib, Chief Financial Officer, ACWA Power
  • Atul Sodhi, Global Head of Debt Capital Markets, Crédit Agricole CIB
  • Louis Irvine, Chief Financial Officer, Ma'aden
  • Dirk Vanschependom, Chief Financial Officer, NEOM
     

Bhupinder Singh
Managing Director, First Abu Dhabi Bank
Abdulhameed Al Muhaidib
Chief Financial Officer, ACWA
Atul Sodhi
Global Head, Credit Agricole CIB
Louis Irvine
Chief Financial Officer, Maaden
Dirk Vanschependom
Chief Financial Officer, Neom HQ

10:00 am  

 

Global macro headwinds vs. regional growth: How will Saudi Arabia’s economy perform relative to the rest of the world?

  • Fiscal and monetary policy, GDP growth, inflation and commodity prices: Global outlook, GCC outlook, Saudi outlook 
  • What are the potential shocks that could impact Saudi Arabia’s economic performance in 2024? 
  • Will the inclusion of Saudi Arabia and other oil-producing countries into BRICS have a positive impact on growth?
  • Economic diversification and attracting FDI: Update on the government’s initiatives and updates for plans ahead 

Moderator - Paul Lund, Head of Corporates, Middle East and Africa, Analytics, Fitch Ratings

 

Speakers

  • Dr. Moritz Kraemer, Chief Economist, Landesbank Baden-Württemberg 
  • Leslie Maasdorp, Chief Financial Officer, New Development Bank 
  • Ismail Radwan, Former World Bank Economist 

Paul Lund
Head, Fitch Ratings
Moritz Kraemer
Chief Economist, Landesbank Baden-Württemberg
Leslie Maasdorp
Chief Financial Officer, New Development Bank
Ismail Radwan
,

10:40 am  

 

How are financial institutions managing their capital & funding as liquidity conditions evolve?

  • How is rising inflation and interest rates impacting Saudi Arabia’s banking sector? How liquid are the banks? 
  • Cost (and sources) of capital: How are banks managing their capital, funding and optimising their balance sheets? 
  • Managing risk: How and when to hedge 
  • Funding and investment: Where do banks see opportunities to lend and invest? Where are the routes to access competitively priced pools of capital? 
  • Is the rise of fintech disrupting the traditional banking sector, or can it support the banking sector to boosting liquidity and greater access to capital? 

Moderator - Sarah Alkhelaiwi, Executive Director, Debt Capital Markets, Standard Chartered Bank 

 

Speakers

  • Victor Mourad, Director, Debt Capital Markets MENA, Citi
  • Ashraf Madani, Vice President – Senior Credit Officer, Moody's Investors Service
  • Mohammed Elias, Senior Executive Director - Treasurer, National Development Fund
  • Abdulkhaliq Elshayyal, Partner, Norton Rose Fulbright LLP
  • Johan Llenas, Head of Financial Institutions & SWFs, Middle East Coverage, SMBC EMEA
  • Hatem Alzimaiti, Head of EMTN, Saudi National Bank

Sarah Alkhelaiwi
Executive Director, Standard Chartered Bank (London)
Victor Mourad
Director, Citi
Mohammed Elias
Senior Executive Director, National Development Fund
Johan Loynaz
Head, Sumitomo Mitsui Banking Corporation
Ashraf Madani
Vice President, Moody's Investors Service
Abdulkhaliq Elshayyal
Partner, Norton Rose (Middle East)
Hatem AlZimaiti
Head, Saudi National Bank

11:25 am  

 

Networking break

11:50 am  

 

From secured to unsecured funding to project bonds: How can Saudi Arabia’s project companies navigate their way through the loan and capital markets 

  • Project pipelines, rising cost of borrowing, availability of project financing: What are the bottlenecks? 
  • Transitioning from project finance structures to unsecured loans: How can project companies restructure to access new capital on an unsecured basis? 
  • Local banks vs. regional banks vs. international banks and international investors: Which lenders and partners are best placed to support projects at which phase? 
  • Planning, structuring and accessing capital markets and project bonds: How can project companies take a proactive approach to moving from secured loans to capital markets?
  • Manifesting Vision 2030: Bringing projects together with private sector investment, green finance and capital markets
     

Moderator - Victoria Harling, Head of Emerging Market, Corporate Debt, Ninety One 

 

Speakers

  • Vishal Rander, Partner, Project & Infrastructure, Finance, Deloitte
  • Faisal Qadri, Managing Director and Co Head of Investment Banking, HSBC Saudi Arabia
  • Dan Taylor, Senior Adviser, National Infrastructure Fund
  • Sofia Bensaid, Director, Infrastructure & Project Finance Ratings, S&P Global Ratings
  • Michelle Leong, Country Head for Kingdom of Saudi Arabia, Bahrain & Jordan, UK Export Finance 

Victoria Harling
Head, Ninety One
Vishal Rander
Partner, Deloitte Corporate Finance
Dan Taylor
Senior Adviser, National Development Fund
Michelle Leong
Country Head, UK Export Finance
Faisal Qadri
Managing Director, HSBC Saudi Arabia
Sofia Bensaid
Director, S&P Global Ratings

12:35 pm  

 

Local, regional or international: Who is underwriting, structuring and syndicating loans in and out of Saudi Arabia?

  • SAR vs. USD: Who is lending? How much more capacity do they have? Who are the new lenders looking for assets?
  • Local banks, regional banks and international banks: Which banks are looking to play lead and supporting roles?
  • Underwriting capability and structures: What size and tenor can borrowers’ secure and on what terms?
  • How are lenders and borrowers working together to underwrite loans with ESG principles?
  • Who can and who can’t: Which sectors are banks comfortable lending to?

Sarah Usmani
Managing Director, First Abu Dhabi Bank
Brian Dominic Tellis
Managing Director, Emirates NBD Capital
Sidra Taj
Director, MASHREQ BANK
Atif Masood
Associate Director, ROSHN
Shamoon Rashid
Syndications & Loans Distribution, Gulf International Bank B.S.C.
Ahmad Alshubbar
Chief Financial Officer, Rawabi Holding Group
Muhammad Akbar
General Manager, Saudi Telecommunication Company

1:25 pm  

 

Networking lunch

2:20 pm  

 

Finding value in fixed income markets: How do investors plan to make returns buying and trading Saudi Arabia credit?

  • Where does Saudi Arabian credit sit within an international investor’s portfolio? How does it compare to GCC & EM credit? To what extent is there a divergence in issuer vs. investor expectation of debt pricing?
  • How has Russia’s exclusion from the EM index and the potential inclusion of Saudi Arabia into BRICS positively influenced the allocation strategy of an EM manager? What specific credits have they shifted their focus towards now?
  • To what extent are local regulations impacting international participation? What are investors looking for?
  • ESG investing within the Kingdom: Who is financing Saudi’s innovative projects? What are investors’ expectations for ESG transparency? 

Sergey Dergachev
Functional Head, Union Investment Privatfonds
Adrian Petreanu
Manager, Ashmore
Fahad Kordi
Head, Banque Saudi Fransi
Mohieddine (Dino) Kronfol
Chief Investment Officer, Franklin Templeton Investments
Hassan Mansouri
Director, Mizuho EMEA

3:00 pm  

 

Paving the path for Saudi Arabia’s IPO resurgence 

  • Identifying the powerhouse sectors driving Saudi Arabia’s IPO renaissance
  • Case studies: Navigating the complex journey from private to public
  • Curb your enthusiasm: What’s stopping corporates from seizing the opportunity to tap the market?
  • SMEs & tech innovators: What opportunities lie ahead?
  • Bridging the divide: Local vs. Global investor perspectives
  • How can companies and regulators promote investor confidence and attract international investment?
     

Amir Riad
Head, Saudi Fransi Capital
Mohamed Farouk
Group CEO, Advanced Energy Systems
Prasad Chari
Managing Director, Emirates NBD Capital
Azfar Shakeel
Chief Executive Officer, Lumi Rental Company
Merlin Piscitelli
Chief Revenue Officer, Datasite
Tarek Hosni
Chief Executive Officer, Jamjoom Pharma

4:00 pm  

 

How Saudi issuers are evolving their ESG strategies to attract investment

  • How does Saudi Arabia’s existing ESG framework differ from global/UNPRI ESG standards? What are they key gaps and areas of misalignment between Saudi regulations and global ESG expectations?
  • How can regulatory consistency be achieved while respecting the unique cultural and economic factors of Saudi Arabia?
  • To what extent does (mis)-alignment impact Saudi Arabia’s ability to attract foreign investment? How can corporates communicate their ESG efforts to international investors to build trust, confidence and ultimately investment?
  • How can corporates improve governance, transparency, board diversity and shareholder rights to attract international investors?
  • Are there best practices for fostering collaboration and partnerships with global ESG-focused investors?

Amanda Vainio
Co-Head, MUFG EMEA
Wasim Al Mallouhi
Chief Executive Officer, alfanar Global Development
Husam Abdel Al
Senior Director, MASHREQ BANK
Neil Atkinson
Head, Riyad Bank
Frederik Foussat
Chief Financial Officer, Cenomi Centers
Amr Masry
Group Chief Financial Officer, Middle East Paper Company

4:40 pm  

 

Mid-market funding and debt capital markets: How corporates can restructure their capital structures to issue sukuk

  • From stressed to stress-free: How private companies with cashflow issues can restructure balance sheets and capital structure to roll-over bank funding to the capital markets
  • Testing the model: How recent legislative changes are attracting new investors to Saudi Arabia’s sukuk and debt capital markets
  • Public vs. privately placed: Why Saudi Arabia’s sukuk market is opening up to CMA-registered publicly placed sukuk now
  • Covenants, security over accounts and assets: How to structure the right deal for the right scenario
  • What role do credit ratings play in the sukuk market? How can the Kingdom improve the rating process to attract more investors?

Hamed Afzal
Partner, Norton Rose (Middle East)
Yacob AlAjmi
Director, Al Bawani
Ritesh Agarwal
Head, Emirates NBD Capital
Harith Mohamad Rom
Senior Director, GIB Capital
Emad Kordi
Chief Executive Officer, Simah Rating Agency (Tassnief)

5:20 pm  

 

Chairperson’s closing remarks and close of conference

Ahmed Al Qassim
Group Head, Emirates NBD