Saudi Arabia – MEIRA

Our Chapter in Saudi Arabia was established in May 2017 supported by the Saudi stock Exchange “Tadawul”. The founding members are:

Paul Gay and Ikram Ulhaque from Almarai
Walid Al Hakim from Ma’aden
Faisal Al Modlij from Sipchem
Rayan Al Karawi from Zain KSA
Samantha Bartel Al Khalaf.

The Saudi Chapter is formed by the following members, each volunteering for at least one area of key responsibility, or ‘pillar’ in line with MEIRA structure:

Khalid Ahmed, Aramco
Nayef S. Al Athel, Tadawul
Faisal Al Modlij, Sipchem
Ibrahim Alkharji, STC
Rayan AlKarawi, Chairman
Samantha Al Khalaf, Instinctif Partners
Walid Al Hakim
Ikram Ulhaque, Almarai

Event Calendar

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RESOURCES

Sat, 27 Oct, 2018

Saudi CMA Announcement regarding the IR function

On October 2018, the Saudi Capital Markets Authority published an announcement which urges all listed companies to activate the IR function.

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Wed, 14 Mar, 2018

Rules for Qualified Foreign Financial Institutions Investment in Listed Securities

Saudi Arabia's Capital Market Authority (CMA) issued on January the amended rules governing the Qualified Foreign Investor (QFI) framework that will ease the range and qualification requirements for QFIs.

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Sat, 22 Apr, 2017

Saudi Arabia Corporate Governance Regulation

Saudi Arabia's Capital Market Authority adopted new regulations to enhance corporate governance, transparency and communication between companies and shareholders. The new corporate governance structure will come into effect on April 22, 2017.

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Sun, 04 Oct, 2020

BNY Mellon Global Trends in Investor Relations – 2020

BNY Mellon has published its latest report on Global Trends in Investor Relations.

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Sun, 04 Oct, 2020

Middle East IR Pulse – August 2020

The Middle East IR Pulse, launched by MEIRA in collaboration with Instinctif Partners and Prose Solutions, aims to provide the IR community with a series of reports with regional insights and market intelligence from senior IR practitioners. Published monthly, each report will be supported by a webinar where our IR experts and guest speakers will discuss key findings to unlock trends that will help drive planning and decision making, and understand what’s making IR professionals tick and what’s changing (or not) in our markets.

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Tue, 04 Aug, 2020

Middle East IR Pulse – July 2020

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Fri, 04 Oct, 2019

Middle East IR Practitioners Survey 2019

The Middle East IR Practitioners Survey 2019, produced by MEIRA in collaboration with Carter Murray, was released at the 2019 MEIRA Annual Conference. This year's report includes some case studies and interviews with IR professionals in order to analyse the results of our annual survey.

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Tue, 24 Jul, 2018

Tadawul Investor Relations Best Practice Toolkit

The aim of the IR Toolkit is to assist those companies through examining the key principles of underlying current international practices, and an explanation of the benefits for doing so.

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Sun, 04 Oct, 2020

Crisis Communications: Developing an IR strategy for COVID-19

The impact of COVID-19 is being felt broadly, across all regions, sectors and markets. The Investor Relations (IR) professional plays a critical role in how a company communicates through rapidly changing market dynamics. In addition to a well-thought-out crisis communications plan, it is crucial for companies to showcase basic tenets of good corporate governance, such as their leadership and business resiliency, as well as to maintain control of the dialogue when handling a crisis like COVID-19.

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Wed, 10 Jun, 2020

Post-COVID-19: Reshaping business in the Middle East

For nearly all public companies in the region, the Covid-19 pandemic has created unique and profound challenges. The effects of the pandemic, including business interruption as a result of social distancing and closure policies, have meant that management and the Board have had to address unprecedented headwinds and adapt quickly to weather the storm. As restrictions begin to ease across the region and business leaders begin to prepare for operations in a post Covid-19 world, MEIRA surveyed issuers across the region to understand common challenges companies are facing, where priorities lie for management and the Board, and how companies can improve engagement with investors during and after this time.

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Tue, 02 Jun, 2020

COVID-19: The Governance Imperative

Let’s consider two companies. First, one in the manufacturing, dairy and food sector, of course, particularly crucial in times of food safety and security. And the other in the banking sector, again, in many ways, providing the economic lifeblood of funding to regional companies. Both companies represent clear, purposeful, yet nuanced strategic and tactical approaches to the worst global pandemic in our lifetime. To set the scene and better understand the context of the adverse operating and regulatory environment, we asked a leading capital markets lawyer to help us understand the response from regulators in a time of COVID-19. As in all our MEIRA Word articles, the pivotal role of IR will feature front and centre.

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Tue, 24 Mar, 2020

Investor communication in a time of uncertainty

Each day, IROs are presented with new and seemingly impossible challenges to overcome. The outbreak of the COVID-19 has impacted the capital markets but also the entire world and its population. During a crisis, a successful IR function should focus on proactively engaging and communicating with the investment community. This white paper presents some practical pointers to understand how to successfully manage a crisis from an IR perspective, but also some international case studies on how corporates are addressing the current pandemic challenges.

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Wed, 18 Mar, 2020

MEIRA Word: Crisis, what crisis?

We’ll start with the topical case of DP World and its recent announcement that it plans to delist from Nasdaq Dubai this year. While on the face of it, this is a story that hit the markets hard, there is always another way to look at this. Above all, one common element in all our MEIRA Word articles will be the role of IR. We are fortunate to have DP World, a perennial IR award winner, as a supportive member willing to share their IR best practice.

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Wed, 20 Sep, 2017

The opportunities and challenges of a potential MSCI classification upgrade

MSCI Inc. announced in June 2017 that is to open a consultation into the status of the Tadawul in its market classifications, with the potential for Saudi Arabia to be officially recognised as an emerging market as early as June 2018.

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WANT TO KNOW MORE?

Discover all the members in the Saudi Chapter here

Find out who is a Certified IR Officer (CIRO) in Saudi Arabia here

If you are a student interested in developing a career in Invest Relations, please contact info@meira.me and the IR executive team will follow up shortly with some specific materials and career advice.

Chapter Head

Rayan Al-Karawi

Chairman

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Rayan Al-Karawi is a founder and Chairman of the Saudi Chapter the Middle East Investor Relations Association (MEIRA KSA) as well as a member of the main MEIRA Board.

A multi-award-winning investor relations professional, with over 26 years of experience in IR and finance, that experience spans from IPOs to sukuks and restructuring in industries including retail, telecommunications, Banking and real estate. Having led the Investor Relations function at real estate player Dar Al Arkan, telecommunications operator Zain KSA, and most recently FAS holding (Arabian Centers & Fawaz Alhokair Fashion retail).

Currently advising varies companies on IR, and servicing on multiple corporate boards include Chairman of Razeen Capital, a founding member and chairman of the Saudi chapter of the Middle East Investor Relations Association (MEIRA) in addition to being a main MEIRA board member, as well a council member of the Saudi Swiss Business Council at the Saudi Chambers of Industry and Commerce. He is also a member of the board of Falak Consulting, a values-based, purpose-driven strategy and innovation consultancy that helps build stronger economies.