PR91968

RIYADH, Saudi Arabia, September 28, 2021 /PRNewswire=KYODO JBN/ -

    On Monday, 27 September 2021, the Financial Sector Conference (FSC)

concluded its first focused event of the 'Financial Sector Conference Talks',

organized by the Financial Sector Development Program's partners (Finance

Ministry – Saudi Central bank – CMA) and held at Rafal tower in Riyadh.

    The opening speech of the event was delivered by H.E. Dr. Fahad Al-Mubarak,

Governor of the Central Saudi Bank, where he shed lights on Growing Global

Trend in Sustainability and Climate Change.  

    The first panel of the event discussed "KSA ESG Ecosystem: Opportunities

and Challenges". The session was moderated by Mr. Jamie Sanz, MD & Head,

Sovereign Advisory, Societe Generale, and attended by H.E. Mr. Mohammed

El-Kuwaiz, Chairman, Capital Market Authority (CMA), Mr. Hani Almediani, Acting

CEO of NDMC, and Eng. Fahad Al-Ajlan President, KAPSARC.

    The second panel entitled "ESG Capital Markets: The New Investment

Landscape", was moderated by Mr. Jean Mercer, Vice-Chairman, Capital Markets,

HSBC. The panel hosted the following speakers: Mr. Timothée Jaulin, Head of ESG

Development & Advocacy, Amundi Asset Management, Ms. Polina Kurdyavko, Bluebay

Asset Management, & Partner - EM Senior Sovereign PM, Mr. Manish Manchandya,

Group CFO, Saudi Electricity Company (SEC), and Mr. Paddy Padmanathan,

President and CEO ACWA Power.

    On behalf of the Minister of Finance, the ceremony was concluded by Mr.

Abdulaziz Alrasheed, Assistant Minister of Finance for Macro-Fiscal &

International Relations, Chairman of Supervisory Committee of Financial Sector

Conference, as he highlighted the kingdom's efforts towards sustainability.

    This event is the first talk of an introductory series for the second

edition of FSC set to be held in the first quarter of 2022, aimed to discuss

the growing role of ESG and the overall efforts to fill the financing gaps,

achieve sustainable financing aligned with the UN sustainability objectives,

and direct the financial institutions to make value in the long run with ESG

instruments; to reach sustainable capitalistic markets and increase the

sustainable financing scope.

    The event brought together entrepreneurs to communicate and exchange ideas

and experiences, to discuss the investment opportunities in developing the

Saudi finance sector, especially, that it attracts local, regional and

international entrepreneurs, representatives of public and private sectors,

including high-profile international consultations and financial institutions,

credit agencies, and experts in financing, investment, banks and insurance.

    It is worth mentioning, that the second edition of the Financial Sector

Conference has sought, since its launch in 2019, to achieve interdependence

integration within the financial sector ecosystem through its various tools and

means. In addition, it aspired to achieve sustainable growth within a resilient

financial stability framework, while employing innovative tools for the

development and management of services.

    This conference is one of the Financial Sector Development Program's

initiatives, launched by the Council of Economic and Development Affairs as one

of Vision2030 programs, which aims to realize Saudi Vision 2030 objectives,

through creating a diversified and effective financial sector that supports the

development of the national economy.

    To watch the event, please click here:

https://twitter.com/i/broadcasts/1BRJjnzlLqaJw

    Tweet: Financial Sector Conference Concludes its First Focused Event of the

Financial Sector Conference Talks

    Link: https://twitter.com/i/broadcasts/1BRJjnzlLqaJw

    Logo:

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    Source: Saudi Ministry of Finance