Fairmont Hotel, Riyadh



19th November 2019

Registration and networking
Session ends: 08:50
Recitation of the Holy Quran
Session ends: 08:55
Chairman’s opening remarks
Session ends: 09:00
Macroeconomic overview: What are the challenges and opportunities on the horizon for Saudi Arabia’s economy?
  • Global monetary and fiscal policy: How are developed countries managing their economies? What is the impact on capital flows?
  • Oil and gas price outlook and its effect on Saudi Arabia’s short, medium and long-term growth prospects?
  • How are structural changes driving growth in Saudi Arabia?
Session ends: 09:30
How to attract Global Fixed Income Investors, Foreign Direct Investors and Qualified Foreign Investors to Saudi Arabia
  • What is the overall objective to investment? How does their strategy when entering a market reinforce the objective?
  • What is the list of criteria that need to be fulfilled for investors to enter a market?
  • Areas of focus: What do they feel the key areas of development are for Saudi Arabia to attract greater foreign investment in project finance (FDI), bond/sukuk markets (fixed income) and equity markets (QFIs)?
  • More liquidity from the inclusion of Saudi Arabia into Global EM bond indices: What’s different in 2019 versus 2018?
Session ends: 10:15
Case study: Preparing, structuring, packaging and distributing Saudi Arabia’s first-ever corporate bond
  • From start to finish: How long does the process take? What preparations does the corporate need to make before going to market?
  • The (private and public) rating process: What does it involve? How much do companies need to disclose? How ratings be beneficial to the company business planning beyond issuance
  • Roadshowing, pricing and printing: What CFOs and Treasurers should expect from their dealers when the deal goes live
  • Financial and non-financial benefits to the company of diversifying corporate funding portfolios from (bilateral and syndicated) loans to bond/sukuk explained
  • From local to global: how to issue sukuk internationally
Session ends: 11:00
Coffee and networking
Session ends: 11:30
Loan Financing in Saudi Arabia: How can borrowers and lenders work together to extract maximum mutual benefit?
  • Market Capacity: Is a wider international banking audience needed to meet the country’s burgeoning USD financing requirement?
  • Is excess SAR liquidity a help or a hindrance?
  • Fees: Why do they matter if margins cover the risk?
  • Syndications vs bilaterals: What are the trade-offs worth making to attract a wider banking group?
  • LMA Documentation: What’s not to like?
  • What is the role for non-bank institutional investors?
Session ends: 12:15
What are the financing options being considered by Saudi Arabia’s corporates, and at what pricing?
  • Bonds/sukuk vs. loans vs. equity: What funds can be raised in each market and at what price?
  • What do companies in the Kingdom have planned, and what funding needs do these plans present?
  • Who is best placed to provide this financing?
  • How do different funding instruments fit into short, medium- and long-term corporate strategy? What are the costs of the different options, and what are their benefits?
Session ends: 13:00
Networking lunch hosted by MUFG
Session ends: 14:20
Green bonds/sukuk: How are investors integrating ESG into their approach to fixed income investments? What metrics are they using?
  • Why go green: What is driving global investor demand for green bonds/sukuk?
  • What are the capital and economic advantages to issuing green bonds/sukuk?
  • Is there a link between ESG (Environment, Social and Governance) and accessing new pools of capital?
  • Are issuers in danger of losing existing buyers of bonds if they do not issue green?
  • Message from global investors looking at opportunities in Saudi Arabia: What are investors’ expectations for ESG?
Session ends: 15:05
Privatisation and PPPs of non-power-and-water projects: How to structure deals to attract local and international investors
  • Pipeline of PPPs and privatisations: What is coming online in what sectors and how much capital is needed to finance projects?
  • Shifting from corporate to project/PPP risk: Gauging Saudi banks’ appetite for non-power-and-water projects:
  • What are the challenges for international banks assessing projects away from the power and water sector in Saudi Arabia?
  • How is the NCP reforming companies/assets before privatisation and issuing bonds/sukuk? How are non-power/water projects being developed to meet international standard risk allocation?
  • Structures, case studies and solutions: What can be applied from successful deals in the power and water sector to sectors such as transport, hospitals and schools to meet international standard risk allocation?
  • How is the government reforming companies and assets before privatisation and issuing bonds/sukuk?
Session ends: 15:35
Chairman’s closing remarks and close of conference
Session ends: 15:40