Latest news with #SamerAlabed
Zawya
27-05-2025
- Business
- Zawya
HSBC named Best Investment Bank for M&A in Kuwait
Kuwait City: HSBC has been named the Best Investment Bank for M&A in Kuwait at the Euromoney Middle East Awards for Excellence, 2025. HSBC Middle East received three coveted awards for the Middle East's Best Investment Bank, Middle East's Best Bank for Sustainable Finance and Middle East's Best Bank for Equity Capital Markets. Other country awards included Qatar's Best Bank of Corporates, Saudi Arabia's Best Investment Bank and the UAE's Best International Bank and Best Investment Bank. Samer Alabed, CEO of HSBC Kuwait, said: 'These awards are reflective of our ability to offer unique solutions and services to clients in Kuwait while we fulfill our purpose of opening up a world of opportunity. Our global footprint combined with a long-lasting heritage in the country and the region give us the ability to connect clients across the world to opportunities for growth.' HSBC continues to leverage sectoral knowledge and its position as a trusted partner in complex, high impact deals. Recently, HSBC played a pivotal role as a financial advisor in a very significant transaction for the aviation sector in Kuwait. HSBC also provides thought leadership in areas of sustainability and finance with engagements across government, corporates and institutions to support execution of their transition plans. Taken together, this series of significant awards demonstrate the breadth of HSBC's network, the depth of its expertise, and its access to deep pools of finance. Media enquiries to: Greta Madgwick About HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024. List of HSBC's Euromoney Awards for Excellence win in the Middle East More information on the Euromoney awarding body and awarding mechanism can be found at
Zawya
21-05-2025
- Business
- Zawya
HSBC Kuwait and Hong Kong Trade Development Council discuss avenues for business growth
Kuwait City: Trade and investment are set to accelerate between Hong Kong and Kuwait as companies from high growth sectors, entrepreneurs and government bodies prioritise strategic partnerships and economic ties. Expected annual two-way goods trade between Asia and the Middle East is projected to more than double to over USD1.9trn by 2035, and businesses within these two regions are identifying the opportunities in potential high-growth sectors for each market. 'As the largest international bank in Kuwait, the wider MENAT region as well as in Asia, we are perfectly positioned to facilitate discussions and connect clients with opportunities in both regions,' said Samer Alabed, CEO of HSBC in Kuwait. 'HSBC has been present in Kuwait for 20 years and we see Kuwait as a key market with growth potential in the GCC with its wealth, financial strength and young ambitious population.' At a meeting hosted by HSBC discussions around these topics were held between delegates from the Hong Kong Trade Development Council, senior leaders from HSBC MENAT and major Kuwait-based clients from the bank, including local and international businesses and financial institutions. The meeting aimed to explore further collaboration in different sectors such as infrastructure development and logistics and trade facilitation, as well as renewable energy, sustainability, and smart cities. 'At HSBC we believe investors will continue to play an important role in the Kuwaiti government's plans and will look to access those opportunities via the Private Public Partnership framework,' said Ahmed AlMurad, Head of Wholesale Banking at HSBC Kuwait. 'Mainland China has already been part of infrastructure and construction with projects such as the Mubarak Al Kabeer port (China Harbour) and the Road Network project (China Gezoubha). Hong Kong, one of the world's top financial hubs, offers Kuwait a gateway to Asian markets, especially in asset management and Islamic finance. According to the Hong Kong Monetary Authority (HKMA), Hong Kong's assets under management reached over HK$35 trillion in 2023. With Kuwait's robust sovereign wealth fund and growing FinTech ecosystem, collaborative platforms in wealth management, digital banking, and green finance are gaining momentum. MENAT and Asia are fast growing markets signified by the dynamic shift in the global economy from West to East driven by the Middle East's investment-led economic transformation drive, GCC and Asia's rising wealth, and the necessity of creating sustainable economies. Media Enquiries Greta Madgwick HSBC in the MENAT region HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Türkiye (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Türkiye and the United Arab Emirates. In Saudi Arabia, HSBC is a 31% shareholder of Saudi Awwal Bank (SAB), and a 51% shareholder of HSBC Saudi Arabia for investment banking in the Kingdom. Across MENAT, HSBC had assets of US$73bn as at 31 December 2024.
