HSBC Saudi Arabia CEO Outlines Priorities for Innovation, Sustainable Growth and Expanding Capital Markets
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HSBC Saudi Arabia CEO Faris Al-Ghannam discussed the bank's priorities like innovation, debt capital markets, IPOs, technology, and derivatives.
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Al-Ghannam praised Saudi Arabia's strong economic performance, with 8% GDP growth in 2023 and a 70% rise in investment inflows over 3 years.
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The CEO sees opportunities for sustainable long-term growth and diversification beyond energy, facilitated by capital markets.
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HSBC aims to enhance the Saudi Capital Market Forum dialogue and foster international investor and corporate participation.
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The bank remains committed to advancing ESG, sustainable finance and transition agendas to align with Saudi Vision 2030 and the Saudi Green Initiative.