Growth in the rest of the GCC has also been identified as a strong regional economic catalyst for the region and beyond.
Kuwait City: Boursa Kuwait was identified through foreign investors for its successful expansion strategy that has noticed a significant increase in net profit since the beginning of the year, at a convention hosted by HSBC in London earlier this month. GCC was also noted as a strong regional economic catalyst for the region and beyond.
The conference, the first pan-regional exchange occasion organized through HSBC Bank Middle East, connected exchanges from Kuwait, Qatar, the United Arab Emirates and Saudi Arabia with foreign investors, Middle Eastern policymakers, and public sector and personal stakeholders.
“With world-class banking functions and global markets in the Middle East, we have helped clients in the region raise more than $19 billion from investors around the world in 2021, surprising us in the most sensitive aspects of Bloomberg’s equity and debt ratings in 2021. ” said Stephen Moss. , Regional Director General for the Middle East, North Africa and Turkey (MENAT).
Topics on the timeline included ESG, fair markets, demand for power, and economic diversification in the region.
“The private sector has contributed to the progression of a reliable and physically powerful capital market infrastructure and higher liquidity levels here in Kuwait, reinforced through more productive foreign criteria and practices. HSBC plays a vital role in introducing cutting-edge products and attracting investors from around the world to this region,” said Samer Alabed, Managing Director of HSBC Kuwait.
HSBC is the leading foreign investment bank in the region and introduced its securities in 2005. The extensive and experienced securities team provides highly automated asset custody, settlement and control capabilities.
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Media inquiries to: Greta Madgwick greta. madgwick@hsbc. com
Will Blair will. blair@hsbc. com
HSBC in the MENAT region
HSBC is the largest foreign banking organization with maximum representation in the Middle East, North Africa and Turkey (MENAT), with a presence in countries in the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder in Saudi British Bank (SABB) and a 51% shareholder in HSBC Saudi Arabia for investment banking in the Kingdom. In the MENAT region, HSBC had assets worth $71 billion as of December 31, 2021.
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