London Stock Exchange Group chairman hails Saudi Arabia’s ‘forward-thinking leadership’ at BMG investment forum
LONDON: Chairman of the London Stock Exchange Group (LSEG), Donald Brydon, hailed Saudi Arabia’s “forward-thinking leadership” on Wednesday as he addressed government officials and industry chiefs at the 12th BMG Economic Forum in London.
Brydon praised Saudi Arabia for investing in human capital and the nurture of small and medium-sized enterprises (SMEs) in the Kingdom.
“The London Stock Exchange is committed to being strategic partner with the Kingdom to help deliver the Saudi Vision 2030 and beyond,” Brydon said as the BMG Economic Forum got underway.
The high-level forum, part of the annual two-day BMG Summer Retreat, will discuss investment opportunities in Saudi Arabia and the Kingdom’s vision for the future.
“This is a new era for Saudi Arabia. An era of great opportunities coupled with great challenges,” said the chairman and CEO of BMG Financial Group, Basil M.K. Al-Ghalayini, as he officially opened forum.
“Through this forum today, I am sure we can highlight these opportunities and learn how to manage these challenges,” Al-Ghalayini added.
Government officials, regulators, and industry chiefs gathered on the iconic atrium balcony at the London Stock Exchange as the daily 60-second countdown officially marked the start of the day’s trading – and served as a precursor to the forum, held in partnership with Arab News.
CEO of Turquoise and Global Head of Primary Markets at the London Stock Exchange Group, Dr. Robert Barnes, and Al-Ghalayini stepped forward and completed the daily ritual of placing a bespoke engraved glass tablet onto the podium, setting off the 8am bell.
Secretary General of the Media and Banking Awareness Committee – Saudi Banks, Talat Hafiz, led the first panel of the forum, under the theme “Business and Financial Environments in Saudi Arabia.”
“Saudi is a one-stop shop for investments; we are the heart of the Arab world and an investment powerhouse,” said Hafiz.
“Our biggest commodity used to be oil. Now, I believe our biggest commodity is youth,” said Hussain Shobokshi, businessman and consultant and columnist.