Latest news with #CapitalMarkets
Argaam
3 days ago
- Business
- Argaam
Hong Kong aims to deepen partnership with Saudi Arabia: Minister
Hong Kong finance chief Paul Chan said the city seeks to strengthen its partnerships with the Middle East, especially Saudi Arabia. During his participation in the Capital Markets Forum, attended by Argaam, Chan referred to growing cooperation with Riyadh, Abu Dhabi, and Dubai in the fields of dual listings and the development of Shariah-compliant financial products. He highlighted ongoing efforts to connect Middle Eastern companies with global financing opportunities through the Stock Exchange of Hong Kong, adding that the city aims to support Saudi Arabia's Vision 2030 through partnerships in infrastructure, professional services, and Islamic finance. Hong Kong's financial markets raised nearly HKD 76 billion ($9.7 billion) through initial public offerings year to date, representing nearly 90% of the total funds raised in 2024. Chan also indicated that the launch of the first Exchange-Traded Fund (ETF) for government sukuk is a major milestone in this direction, stressing that Hong Kong can become a global hub for Islamic finance, thanks to a flexible regulatory environment and advanced financial services. Hong Kong continues to rely on openness and competitiveness in global supply chains, Chan said. He confirmed that the linked exchange rate system between the Hong Kong dollar and the US dollar will remain unchanged, noting that the city provided stability and confidence for more than four decades, with no intention to change it despite international economic challenges.
Zawya
3 days ago
- Business
- Zawya
Saudi Tadawul Group successfully concludes this year's edition of the Capital Markets Forum in Hong Kong
Riyadh / Hong Kong - Saudi Tadawul Group (STG), in partnership with Hong Kong Exchanges and Clearing Limited (HKEX), has successfully concluded this year's Capital Markets Forum (CMF) in Hong Kong. Held under the theme ' Powering Connections', the forum markedanother milestone in fostering connectivity and advancing globally integrated capital markets. The event convened decision-makers, institutional investors, corporate leaders, and financial market experts from across the Middle East, East Asia, and beyond, reinforcing CMF's role as a global forum for exploring capital market innovation and enabling long-term sustainable growth. Attended by representatives from leading exchanges and financial experts, the forum also served as a crucial bridge to discuss major trends and challenges shaping the capital markets ecosystem. During the forum, participants explored key themes shaping today's capital markets, including the evolving landscape of cross-border listings, the role of ETFs in enhancing market accessibility, and the growing importance of data infrastructure. Discussions also touched on the need to support institutional investor participation and foster greater regulatory harmonization across markets. Commenting on the conclusion of the event, Mohammed Al Rumaih, CEO of Saudi Exchange, said: ' This year's forum marked another standout edition of CMF. The potential for deeper cross-border collaboration across regions has been on full display, and CMF has firmly established itself as a global gathering point for meaningful capital markets dialogue and is a key catalyst for driving more foreign direct investment into the Kingdom. As we move forward, we remain committed to improving access to financial markets, bridging economies, and sharing the energy and ambition of Saudi's capital market with others looking to tap into its growth story.' Echoing this sentiment, Bonnie Y. Chan, CEO of HKEX, added: ' The CMF Hong Kong 2025 conference comes at an opportune time, following the recent momentum and vibrancy in Hong Kong's markets, attracting significant interest from global investors, including those from the Gulf region. This year's conference highlights growing synergy and potential between the Middle East, Mainland China, and Hong Kong, while fostering broader global investment and trade discussions among these regions. As Hong Kong continues to strengthen its role as a super connector, we at HKEX are committed to building infrastructure and collaborating on initiatives that offer Asian investors new ways to capitalize on the exciting opportunities of the Gulf region, driving two-way capital flows between Asia Pacific and the Middle East. ' This year's edition welcomed more than 500 attendees and featured the participation of 33 corporates and over 200 global investors. Underpinned by the desire to enhance cooperation between the Saudi Capital Market and HKEX, the forum also featured a corporate access roadshow, facilitating over 125 targeted meetings between issuers and investors. During the event, Saudi Tadawul Group and its subsidiaries also made a number of announcements aimed at advancing Saudi's capital market, including: The official listing of the Premia BOCHK Saudi Arabia Sukuk ETF on HKEX, marked by a ceremonial gong strike at the close of CMF Hong Kong. The ETF tracks the iBoxx Tadawul Saudi Arabia Government and Agencies Sukuk Index – co-owned and co-branded by STG and IHS Markit – and comprises a basket of Saudi government sukuk assets. Developed in collaboration with Premia Partners, the listing provides Asia-based investors with direct access to Saudi Arabia's growing debt capital market and highlights the increasing connectivity between Middle Eastern and East Asian capital markets. WAMID (Tadawul Advanced Solutions Company), has partnered with UK-based analytics firm BMLL to launch a suite of white-labelled, cloud-based analytics tools for the Saudi market. The platform enables quant teams, analysts, and institutional investors to access deep historical order book data and run advanced models in a Python-native environment. This is the first solution in the region to offer this level of analytical depth, flexibility, and technical customization, supporting transparency, insight-led decision making, and the development of a more sophisticated market infrastructure. WAMID (Tadawul Advanced Solutions Company), also announced a new partnership with MT Newswires to provide a fully integrated, real-time financial news service for Saudi Arabian and regional markets. The platform will deliver over 1,600 high-precision, ticker-tagged stories daily across equities, economics, energy, ESG, forex, and other key sectors, offering comprehensive, multi-asset class coverage across the United Sates; Europe, the Middle East and Africa; and the Asia-Pacific regions. This service is designed to empower investors, traders, and analysts with the timely insights they need to navigate dynamic global markets. Please find the official CMF Hong Kong 2025 images and footage available for media and partner use here. About Saudi Tadawul Group Founded in 2021 and headquartered in Riyadh, Saudi Tadawul Group is a holding company with a portfolio of four integrated subsidiaries: the Saudi Exchange, one of the largest 10 stock exchanges in the world by market capitalization, the Securities Clearing Center Company (Muqassa), the Securities Depository Center Company (Edaa), and Tadawul Advanced Solutions Company (Wamid), an innovative applied technology services business. Saudi Tadawul Group was established as part of a continuous development program focused on enhancing the capital market and its infrastructure, attracting foreign investments, and diversifying the Saudi economy. The Group reinforces Saudi Arabia's position as an attractive global investment destination and the gateway to the MENA region. Saudi Tadawul Group supports the development of an advanced capital market in Saudi Arabia; one of the pillars of the Financial Sector Development Program (FSDP), Saudi Vision 2030 realization program.
Zawya
4 days ago
- Business
- Zawya
AlRayan Bank announces successful issuance of $500mln 5-year Senior unsecured RegS sukuk
Doha, Qatar: AlRayan Bank rated A2 by Moody's with a stable outlook has successfully issued its $500m 5-year Senior Unsecured RegS Sukuk at a final Price of 5-year US Treasuries + 80 bps (Expected Profit rate of 4.875% at an Issue price of 99.82). The successful completion of this transaction underscores the robustness of the Qatari economy and AlRayan Bank's strong credit fundamentals. This issuance reaffirms AlRayan Bank's standing as a leading financial institution in the region and marks a significant milestone in its journey to diversify its funding sources and continue to strengthen its presence in the international markets. In many ways this was a landmark transaction, including a strong return to the Capital markets after a 5-year hiatus. AlRayan Bank's first transaction since the successful completion of the merger in December 2021 and the establishment of the bank's new corporate identity 'AlRayan Bank' First Qatari bank to issue a USD benchmark Sukuk RegS offering out of the QFC Entity (MAR Finance LLC, established in Qatar Financial Centre 'QFC') Largest price tightening from IPTs in recent deals with a sizeable 40bps reduction in spread. Tightest re-offer spread over US Treasuries ever achieved by any Qatari bank at US 5Y Treasury+80bps A final orderbook of $1.5bn (covered more than 3 times) that peaked at over $1.9bn. Both investors and geographic diversification were achieved. H E Sheikh Mohamed bin Hamad Bin Qassim Al Thani, Chairman of AlRayan Bank, commented 'We are delighted with the outstanding success of this issuance." "The significant demand for our sukuk reflects the financial strength and credit worthiness of AlRayan Bank, which is backed by its asset quality, strong liquidity & robust capitalization. We extend our sincere gratitude to all those who contributed to the success of this transaction Omar Al-Emadi, Acting Group Chief Executive Officer of AlRayan Bank, commented 'AlRayan Bank is pleased with its successful return to the international capital markets and with the remarkable response of this sukuk issuance not only from Qatar institutions but also from a diverse group of regional and international investors." "This underscores the global confidence in Qatar's economic resilience and AlRayan Bank's solid financial standing within the international financial markets. We extend our deepest gratitude to the Joint Global Coordinators & JLMs, whose expertise and unwavering commitment & support played a pivotal role in the success of this transaction.' Mizuho & HSBC acted as Joint Global Coordinators while Al Rayan Investment, Dubai Islamic Bank, Dukhan Bank, The Islamic Corporation for the Development of the Private Sector, Mashreq bank, MUFG, Qatar International Islamic Bank, QNB Capital, SMBC, Standard Chartered Bank and Warba Bank acted as the Joint Lead Managers and Book runners. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
4 days ago
- Business
- Bloomberg
Enjoying a Very Healthy IPO Pipeline: Saudi Exchange CEO
Saudi Tadawul Group and the Hong Kong Exchange are co-hosting the Capital Markets Forum at the HKEX. It comes as Saudi Arabia and Hong Kong pursue deeper capital market ties in order to boost liquidity and stimulate cross-border investment on both sides. Saudi Exchange CEO, Mohammed Sulaiman Al-Rumaih joined Bloomberg's Horizons Middle East and Africa anchor Joumanna Bercetche exclusively from Hong Kong. (Source: Bloomberg)
Yahoo
24-05-2025
- Business
- Yahoo
AJ Bell First Half 2025 Earnings: Beats Expectations
Revenue: UK£152.8m (up 17% from 1H 2024). Net income: UK£51.2m (up 11% from 1H 2024). Profit margin: 34% (down from 35% in 1H 2024). The decrease in margin was driven by higher expenses. EPS: UK£0.12 (up from UK£0.11 in 1H 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Looking ahead, revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Capital Markets industry in the United Kingdom. Performance of the British Capital Markets industry. The company's shares are up 3.8% from a week ago. Following the latest earnings results, AJ Bell may be overvalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
