Fsdp Quarterly Newsletter Q3 2024 Vf · Page 7

 
7  | 
DMDF 2024 Concludes with Outcomes on Capital 
Market 
Development 
and 
Foreign 
Investment 
Stimulation 
The Debt Market and Derivatives Forum (DMDF) 2024 has 
wrapped up, as its panel discussions and workshops, led 
by finance local and regional experts and professionals, 
delivered multiple outcomes.  
The conclusions mostly focused on developing the 
Kingdom’s capital markets and spurring more foreign 
investments into Saudi market, which aims to attain a 
high rank on the world’s leading indices. 
The Forum, organized in Riyadh by the Financial Academy 
(FA) in partnership with Saudi Tadawul Group, featured 
numerous technical workshops. “Deepening Market 
Liquidity: Building Resilient Bond Markets, a workshop 
delivered 
by 
Andy 
Hill”, 
Managing 
Director 
of 
International Capital Market Association (ICMA), was 
particularly valuable. In the same context, Abdulelah Al-
Qahtani, Tadawul Group in the Kingdom delivered a 
workshop on debt instruments and their effective role in 
corporate finance, in addition to the benefits and risks 
associated with debt instruments, and a review of 
practical cases of issuing debt instruments in the Saudi 
market. 
Eric Bertrand from CME Group provided an overview of 
OTC derivatives (fundamentals, requirements, benefits). 
Bertrand highlighted the fundamentals and requirements 
needed to utilize these financial instruments, as well as 
the potential benefits of using them in investment and 
hedging strategies. CFA Institute's Chief Product Officer 
Rob Langrick concluded the workshops with a look at the 
debt and derivatives markets and the role of the CFA 
program. He reviewed key concepts and practical 
applications in the debt and derivatives markets, as well 
as how professionals can leverage the CFA program to 
enhance their knowledge and skills. 
The 
DMDF, 
which 
attracted 
local 
and 
regional 
stakeholders, was held under the theme of “Unlocking 
Growth Opportunities” and covered significant finance 
topics such as Inside KSA’s Debt Capital Market, 
Derivatives Market Development in the Middle East, and 
Debt Capital Market Development: Local and Global 
Trends. 
Thanks to the Forum’s panel sessions, participants 
managed to explore promising opportunities in the bond 
and sukuk market, key emerging potentials for 
stimulating growth and new insights into futures markets, 
which would more effectively enhance decision-making 
and risk management in local and regional finance 
industry in the future.  
Speakers at the Forum commended the Kingdom's 
progress in developing the debt and derivatives market, 
highlighting the creation of key roles that diversify 
funding sources and enhance liquidity. This development 
is expected to drive the growth of local and regional 
financial markets, boosting the demand for financing 
major projects, including infrastructure and energy 
initiatives.  
Approval to List Albilad CSOP MSCI Hong Kong China 
Equity ETF Hong Kong Equity Exchange Traded Fund
(ETF) Public Offering 
The Capital Market Authority (CMA) approved local asset
manager AlBilad Investment Company's request to offer 
"Albilad CSOP MSCI Hong Kong China Equity ETF" units on 
the Saudi Stock Exchange (Tadawul), as a public offer. 
The terms and conditions of the Albilad CSOP MSCI Hong 
Kong China Equity ETF are available on both the fund 
manager's website and the Capital Market Authority 
(CMA) website. These sites provide essential information 
and data that investors should r