(MENAFN- Arab Times) KFH Co-sponsors the 10th Saudi Arabia Euromoney Conference 2015 for the second year. The conference was held in Riyadh from 5 to 6 May 2015. The conference discussed the major economic and financial issues in the country, including the opening of the Saudi market for direct foreign investment.
Eng Tareq Al-Rukhaimi, CEO of Saudi KFH, said that the Saudi KFH sponsorship of the conference reiterates the bank's keenness to be support important financial events in the kingdom. The participation and sponsorship of the conference aims to highlight the latest economic changes and discuss the same with financial experts inside and outside Saudi market. Al-Rukhaimi added that Saudi KFH is working on identifying competitive and promising investment opportunities in a market, which is considered to be one of the largest and most significant markets in the region.
Mohammed Al-Lawzi, Head of Investment Banking at Saudi KFH participated in a discussion session titled 'Governance and Initial Offerings in Saudi Arabia,' said that there are several companies interested in having their shares listed in the Saudi market including private companies and family ventures. The government is also looking into privatizing certain government services. Mohammed added that the Capital Market Authority's decision to open direct investments for foreigners in the Saudi market shall increase level of transparency for companies, increase governance level and improve news and reporting, which would impact investment decisions. Needless to say, foreign investment needs the highest level of financial and economic transparency before entering new markets.
Kuwait Finance House is considered as one of the largest Islamic banks worldwide with assets volume exceeding $60 Billion. KFH has extensive experience in the management of all types of portfolios and funds including equity funds, real estate funds and Murabaha funds. KFH owns an extensive branch network spanning across Kuwait, Turkey, Malaysia, Bahrain and Germany. KFH owns KFH Real Estate Company in Saudi Arabia with a capital approximating SR 2.5 Billion in addition to Saudi KFH.
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