BMG Foundation is hosting its business forum whose theme is to explore the Saudi Vision 2030 and its National Transformation Program 2020, as well as the impact of Brexit on the Saudi, GCC and global industries.
The forum is part of its 20th year celebration, labeled as the BMG Annual Summer Retreat 2016. It is being hosted by BMG Financial Group and the Institutional Investor at King’s College, Cambridge University, London, on July 21.
Basil Al-Ghalayini, CEO and Founder of the BMG Financial Group, said Mutlaq Al-Morished, CEO of National Industrialization Company (Tasnee), will be one of the main speakers alongside Hussein Subokshi, Chairman of Naeem Holding, Abdullah Al-Howaish, CEO of Amlak International, Richard Fenech Of BMG Wealth, Mazen Al-Sudairi, head of research at ICAP, Lutfi El Zein, MD, MedGulf, and Nasser Al-Shawaf, CEO, Rassmal at the forum.
There will be a one-on-one meeting between CEOs of Saudi public listed companies with global emerging fund managers to invest in these companies as qualified foreign investors (QFIs).” The idea is to have them together under one roof, discuss and debate their future plans and why the stock picks of these fund managers are good,” Al-Ghalayini said.
He added: “In light of the geopolitical shifts in the wake of the Arab Spring, there has been a noticeable change among investors’ strategies regarding geographic orientation rather than asset classes.”
He added: “Saudi investors particularly are more international, with various funds creating opportunities for direct investments across the globe, thereby attracting extraordinary opportunities in the region.”
BMG Financial Group, who pioneered the culture of organizing value added business forums since its inception, said there will also be a discussion on family business issues. Over the years, BMG has been focusing on discussions on family businesses and advising them why, how and when they should go public.
Al-Ghalayini said it is a good opportunity for families owning businesses, both male and female members, to come to London and hear from some of the European families who went public to know why they took a decision to go public. They will also have the benefit of opinions of and guidance from experts and advisers.
“In fact, this has been the theme of our business forum held in London over the last 10 years,” Al-Ghalayini said.
Expected at the event are heads of family business offices, CEOs of local and regional companies alongside fund managers from major global financial institutions. This conference is co-organized by Institutional Investor Group, a subsidiary of Euromoney.
Al-Ghalayini said the GCC Polo Cup between the teams of the UK and Saudi Arabia is being organized by the foundation for over 19 years. The Polo Cup is a charitable, social and sports kind of event, which has been supporting noble causes such as safe driving and water saving awareness campaigns in Saudi and the GCC.
This time, the BMG Foundation’s GCC Polo Cup match, a friendly contest, will be at Cambridge Country & Polo Club, historically attended by the royal family members of the two kingdoms.
London has been the host of the foundation’s flagship event, since its inception 20 years ago. “The GCC Polo Cup has remained a bridge of goodwill and diplomacy linking the two kingdoms, as well as, providing a unique opportunity for leading companies to develop their business,” Al-Ghalayini added.
Source: Arab News
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