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S&P to Host Capital Markets Seminar

DUBAI — Standard & Poor’s and the Saudi Credit Bureau (SIMAH), Saudi Arabia’s first comprehensive consumer credit bureau, on Friday confirmed plans to host a credit seminar in Riyadh on October 20.

This half-day event, specifically designed for investment professionals and market practitioners in The kingdom will take place at the Institute of Banking, says a Press statement.

Under the patronage of Dr Muhammad Al Jasser, Vice-Governor of the Saudi Arabian Monetary Authority, the event will feature an introduction by Nabil Moubarak, SIMAH General Manager, and presentations by senior Standard & Poor’s executives and analysts on a range of topics and challenges relevant to markets, investors and issuers in The Kingdom of Saudi Arabia.

“The Gulf Cooperation Council countries are increasingly diversifying their economies by opening up their capital markets and undertaking significant policy reforms,” said Jan Willem Plantagie, Standard & Poor’s Regional Manager for the Middle East.”

The Kingdom of Saudi Arabia is a prime example. The macroeconomic framework has been strengthened by the Kingdom’s accession to the WTO.