2nd Saudi Securities Forum

Under the patronage of:

‫ﺍﻟﻤﻨﺘﺪﻯ ﺍﻟﺴﻌﻮﺩﻱ ﺍﻟﺜﺎﻧﻲ ﻟﻸﻭﺭﺍﻕ ﺍﻟﻤﺎﻟﻴﺔ‬

2nd SAUDI SECURITIES FORUM 3 – 5 December 2012 • Four Seasons Hotel, Riyadh, KSA

Featuring exclusive keynote speeches from: • Capital Market Authority • Riyadh Chamber of Commerce & Industry • Tadawul • Featuring the leading names in Saudi Arabia’s securities market, including:

Yasir Al Rumayyan Chief Executive Officer Saudi Fransi Capital

Ali Al Gwaiz Chief Executive Officer Riyad Capital

Khalid Al Rowais Vice President Finance Saudi Arabian Mining Company, Ma’aden

Robert Blackburn Gray Chairman HSBC Saudi Arabia Limited

Khaled Al Aboodi Chief Executive Officer Islamic Corporation for the Development of the Private Sector

Richard Souri Vice President MSCI

Mohieddine Kronfol Chief Investment Officer Global Sukuk and MENA Fixed Income Franklin Templeton Investments

Karthik Sankaran Vice President BlackRock

Asher Noor Group Chief Financial Officer AlTouq Group

Fahad Alturki Senior Economist Jadwa Investment

Farid Khimani Chief Financial Officer Alinma Tokio

Ibrahim Al Alwan Chief Executive Officer KSB Capital Group

Kamel Lazaar Chairman Swicorp

Philip Southwell President & Country Executive MENA Region Bank of America Merrill Lynch

Bassel Khatoun Co-Head of Equity MENA Portfolio Manager Franklin Templeton Investments

Harnessing opportunities and ensuring lucrative returns in the Kingdom’s securities markets Opening the bourse to international investors Saudi Arabia’s IPO forecast The MSCI index and changing global perceptions of the Kingdom Equity, debt and alternative investment opportunities New strategies in corporate governance Industry sector economic forecasting Gold Sponsor

Lanyard and Notebook Sponsor

Live Trade Sponsor

Exhibitor

Media Partners

www.saudisecuritiesforum.com

Organised By

Uniting the investment community in the most dynamic securities market in the Middle East The Riyadh Chamber of Commerce and Industry and the Capital Markets Authority of Saudi Arabia welcome you to the 2nd Saudi Securities Forum; the Kingdom’s premier meeting point for government and regulatory officials to join with investors, corporations and investment banks to drive major growth in Saudi Arabia’s securities markets.

With the best networking opportunities available to the KSA capital markets, the 2nd Saudi Securities Forum is a MUST-ATTEND for any dedicated finance professional, local or international investor to be at the cutting edge of the innovations in the market and keep your investment strategy ahead of the curve.

2nd Saudi Securities Forum agenda at a glance: Monday 3 December 2012

19:00 Saudi Securities Forum Grand Opening Ceremony Tuesday 4 December 2012

09:50 - 14:45 Securities Business Summit 17:00 - 20:00 Retail Investor Seminars Wednesday 5 December 2012

09:50 - 14:30 Securities Business Summit 17:00 - 20:00 Retail Investor Seminars

Attend this forum to:  Meet regulatory officials, investment banks and local and international investors to create new business relationships  Learn the latest developments and strategies in the Kingdom’s securities markets to guarantee more lucrative returns  Hear from the industry experts what the future will bring for the markets to capture the wealth of opportunities available

Who will you meet?

Attendee Profile

Government/Regulators Retail Investors Institutional Investors Companies Investment Banks/Brokerages Service Providers

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Geographic Breakdown

5% 55% 13% 10% 15% 2%

KSA KSA-based international companies GCC International

+971 4 335 2438

55% 15% 15% 15%

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The 2nd Saudi Securities Forum brings together the market participants in the overall KSA eco-system: be they investors, corporates or regulators. It provides a very unique platform for getting to the real pulse of the thought processes that drive the market by interacting with the makers and the shakers.

The Saudi market enjoys one of the strongest and fastest growing emerging economies in the region and the world. There are many sectors/companies with low PE, high dividends yield and/or clear value appreciation potential which make them worthy of strong consideration.

Asher Noor, Chief Financial Officer, AlTouq Group

Ali Al Gwaiz, Chief Executive Officer, Riyad Capital

Saudi Arabia's strong investment climate, with faster domestic credit growth and slower inflation fueling its capital markets development, ensure that the Kingdom remains my top pick as the most significant domestic story in the EEMEA region. Another key factor is the reintroduction of MSCI's domestic index for the first time in two years, and, providing that the Kingdom allows for direct access to foreign investors, as is expected, this would ensure eligibility for either Frontier or Emerging Market status, a shift that could happen as early as June 2015 and one that would significantly increase Saudi Arabia's attractiveness to international investors.

Philip Southwell, President & Country Executive, MENA Region, Bank of America Merrill Lynch

Saudi Securities Forum Official Grand Opening Ceremony Monday 3 December 2012 19:00 – 21:00

Ministerial Keynote Address: The continuing progression of Saudi Arabia’s markets Keynote Address: Building the business case for Saudi Arabia – Highlighting the wealth of opportunities for regional and international businesses Senior Representative, Riyadh Chamber of Commerce and Industry Keynote Address: Upcoming regulations transforming the future of the markets in the Kingdom Senior Representative, Capital Markets Authority Saudi Arabia

Sponsorship Opportunities

Gold Sponsor

Sponsoring or exhibiting at the 2nd Saudi Securities Forum is a unique opportunity to align your brand alongside the highest authorities and the most sophisticated investors in the industry, as well as position your company as a thought-leader actively working to enhance the Kingdom’s markets.

The event provides excellent opportunities to showcase your experience and services to local and international retail and institutional investors, as well as all other participants in the Saudi securities market who are coming together for this landmark event. The 2nd Saudi Securities Forum is an essential platform to reaffirm your position with existing clients and develop brand new sales leads.

Contact Martin Cawte for details on tailored sponsorship packages to meet your needs on +44 7938 753407 or sponsorship@iirme.com

Muscat Capital, licensed by the Saudi Arabian Capital Market Authority (CMA), is the investment banking arm of BankMuscat, which has the distinction of being the largest commercial bank in Oman. Muscat Capital provides a wide range of services across Corporate Finance and Advisory, Wealth and Asset Management, and Brokerage and Equity Research.

Muscat Capital is a leader in the public offerings market in Oman in terms of both size and number of transactions. We have an active debt market advisory practice assisting clients in raising debt through fixed income/debt products - subordinated bonds, convertible bonds, sukuk and other Islamic products, as well as providing clients an objective analysis of alternative strategic moves such as acquisition vs. joint venture, disposal vs. demerger . We have a GCC wide presence to syndicate equity, debt and hybrid funds.

In wealth and asset management, we have over US$750m assets under management and an on-the-ground investment team comprising 6 fund managers located in Saudi Arabia, Oman, Kuwait and UAE. Our brokerage services offer clients numerous access channels to trade in Tadawul and major regional stock exchanges. The brokerage division is equipped with stateof-the-art online trading systems and well-trained staff.

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Securities Business Summit – Day One Tuesday 4 December 2012 09:15 Registration and refreshments

12:15 Refreshment and networking break

10:00 Chairman’s opening remarks

12:45 The Future of the Stock Exchange: Saudi Arabia’s IPO forecast  What is investor appetite for IPOs and are shareholders pleased with their performance?  Debating pressures companies face on the need to go public  How can family businesses be assured that their businesses will remain stable once floated?  A focus on the previous performance of IPOs – what can be learnt?  Premium IPOs versus Par IPOs: The advantages and disadvantages of both and how do you choose which one is best suited to your company?

Yasir Al Rumayyan, Chief Executive Officer, Saudi Fransi Capital Ali Al Gwaiz, Chief Executive Officer, Riyad Capital Kamel Lazaar, Chairman, Swicorp

10:10 Keynote Address: The pioneering advances being made to further benefit the securities markets Senior Representative, Tadawul 10:30 Macro Economic Outlook Presentation: Assessing the strength of Saudi Arabia’s economy and capital markets in times of global market turbulence  To what extent has the continued unrest in regional markets impacted the Kingdom’s economy?  What are the growth prospects for Saudi Arabia and how strong is the need for diversification in the markets?  Which markets are offering the greatest opportunities and returns in the region?  Where is the most liquidity in the market?

Fahad Alturki, Senior Economist, Jadwa Investment 11:00 The Big Debate: Assessing how the opening up of the bourse to international investors will affect Saudi Arabia  What impact will foreign investment have on the Saudi Arabian securities market?  Can the introduction of international investors help to reduce the volatility of the stock market?  Will international investors demand more efficient pricing in the capital markets?  To what extent will international investors help to promote corporate governance and transparency?  Exploring how investment will aid the diversification of the Kingdom’s markets to attract capital in the future Robert Blackburn Gray, Chairman, HSBC Saudi Arabia Limited Philip Southwell, President & Country Executive, MENA Region, Bank of America Merrill Lynch Seif Fikry, Chief Executive Officer, UAE, EFG Hermes Karthik Sankaran, Vice President, BlackRock 11:45 MSCI Spotlight: What effect will Saudi Arabia’s listing on the regional MSCI index have on global perceptions of the Kingdom?  What are the benefits and associated risks of the MSCI index on the Kingdom’s markets?  Examples of how other regional markets have been affected by inclusion in the index  What are MSCI’s requirements concerning the introduction of foreign investors into a new jurisdiction?  What are asset managers and other investors’ policies concerning the index?

Richard Souri, Vice President, MSCI

13:30 Economic Growth Forecast: Investment opportunities and insights into key sectors  What types of companies in the market have competitive exposure to growth areas in the economy?  How do investors view the growth prospects and what strategies are forming as a result?  A focus on the high-growth areas of Saudi’s economy: • Petrochemical • Real Estate • Financial • Telecoms •  How can value best be assigned and performance assessed for companies in these sectors?

Dr. Bassam Boodai, Managing Director and Chief Executive Officer, Jenan Real Estate Saad Bin Dhafer Al Qahtani, Group Chief Executive Officer for Strategic Operations, Saudi Telecom Company 14:15 Debt Market Spotlight: The growing opportunities in the Sukuk and bond markets  The forecast for issuances in 2013: The expectations of the market and the structures in use  What is the Saudi Government’s strategy to develop the Sukuk market: Can businesses be further encouraged to issue debt?  The reporting requirements, tax treatment and accounting treatment of Sukuk  Can back-office procedures be sped up to further harness the liquidity of the secondary market?  The possibility of creating a debt-rating agency and/or a debt-market committee in the Kingdom Mohieddine Kronfol, Chief Investment Officer, Global Sukuk and MENA Fixed Income, Franklin Templeton Investments 14:45 Lunch and end of Day One: Securities Business Summit

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Retail Investor Seminars – Day One Tuesday 4 December 2012

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The Essentials of Investing in the Stock Market for the Retail Investor 17:00

17:45

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Looking ahead – The financial markets economic outlook for 2013  The future of the markets: What is the impact of European instability on regional economies and the KSA capital market?  Assessing the key drivers of Saudi Arabia’s securities market  Which markets are offering the greatest opportunities and returns in the region?

What are your options when investing in the Saudi securities markets?  How to choose a strong stock and alternative investments in the Saudi stock market  Highlighting the instruments available - Equities, Sukuk, Bond, Mutual Funds, ETFs, Real Estate Funds and more  Exploring the benefits and strategies of hedging

+971 4 335 2437

+971 4 335 2438

18:30

How to define market trends and apply them to your portfolio  How to identify trends in any market and the resulting actions you should take  Applying appropriate strategies to capitalise on price movement  What are the key indicators you need to be aware of?

19:15

LIVE TRADING SESSION  A trading floor is simulated. Delegates are given an equal amount of virtual shares to trade and they can buy and sell over a period of an hour, while all the time being told of positive and negative global situations that would normally cause fluctuations on markets.

Live Trade Sponsor

20:25

End of Retail Investor Seminars: Day One

register@iirme.com

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Securities Business Summit – Day Two Wednesday 5 December 2012 09:15 Registration and refreshments

12:00 Refreshment and networking break

10:00 Chairman’s opening remarks

12:30 Enhancing corporate governance in Saudi companies to increase profitability and boost market value  Outlining proven strategies for enhancing corporate transparency for investors  To what extent are company reports and disclosures improving?  Perceptions of shareholder General Assemblies and their role in the market  How active are shareholders in voicing their opinions?  The measures being taken against insider trading and other illegal actions Farid Khimani, Chief Financial Officer, Alinma Tokio

10:05 International Investor Perspective: How attractive is Saudi Arabia compared with other regional and global emerging markets?  Outlining what types of foreign investors are interested in the Saudi market: Strategy, size and location  The expectations international investors will have coming to the Saudi capital markets  How does the transparency and regulation in Saudi compare with other international markets?  The challenges for clearing and settlement for international investors  What will be the requirement for custodians?

Bassel Khatoun, Co-Head of Equity MENA, Franklin Templeton Investments 10:30 Equity Market Overview: Understanding the trends and strategies of investors to capture market share  Reviewing the performance of the Saudi equities market: Volumes, frequencies and trends  Have dual listings for foreign companies on the exchange helped to encourage investors and boost trading volumes?  How do domestic, GCC and foreign investor operations differ in the Kingdom?  How are Saudi investments viewed as part of larger portfolios?  Will the government privatise companies to further benefit the stock exchange and what are the implications of this?

Asher Noor, Chief Financial Officer, AlTouq Group Khalid Al Rowais, Vice President Finance, Saudi Arabian Mining Company, Ma’aden Ammar Bakheet, Head of Asset Management, Audi Capital Abdulwahed AlMurshidi, Chief Executive Officer, Muscat Capital

13:00 Islamic Finance Instruments Panel: Harnessing major opportunities and future growth prospects  Highlighting the products available and the appetite from different investor groups  A focus on the Sharia-compliant mutual funds market  What are the requirements to set up a Sharia fund?  How are Sharia-compliant portfolios performing in comparison to other investment portfolios?  Will Tadawul ever break with T + 0 to encourage foreign investment when this is not in accordance with Sharia Law? Eid Al Shamri, Chief Executive Officer, Ithraa Capital Ibrahim Al Alwan, Chief Executive Officer, KSB Capital Group Khaled Al Aboodi, Chief Executive Officer, Islamic Corporation for the Development of the Private Sector 13:45 Lunch and Close of Securities Business Summit

11:15 The role of alternative investments in Saudi Arabia’s capital markets  Reviewing the market’s performance: Mutual funds, Exchange Traded Funds (ETFs), Equity Swaps (P. Notes), Real Estate Mutual Funds  Can alternatives be found to overcome the incompatibility of equity swaps with many institutional investors’ policies?  How can ETFs, a major instrument on other exchanges, attract more investment?  What is the relation with international indices and how do they impact alternative investment products in Saudi Arabia?

Al Hassan Goussous, Chief Executive Officer, Bakheet Investment Group John H. Burbank III, Founder, Passport Capital

Retail Investor Seminars – Day Two Wednesday 5 December 2012

The Essentials of Investing in the Stock Market for the Retail Investor 17:00

17:45

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Distilling a World of Information  How to make sense of vast amounts of daily information on the global markets, economies and the political environment  Understanding the major causes of fluctuations and how they will affect your assets  Funneling information into manageable trading strategies and actionable opportunities

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18:30

Efficient asset management and trading: Creating a well-balanced portfolio  Exploring diversified trading and risk management tools  Accurately measuring tools for performance and valuation  Strategies for creating a safer, higher-income-generating portfolio

19:15

2nd LIVE TRADING SESSION  A trading floor is simulated. Delegates are given an equal amount of virtual shares to trade and they can buy and sell over a period of an hour, while all the time being told of positive and negative global situations that would normally cause fluctuations on markets.

Live Trade Sponsor

20:25

End of Retail Investor Seminars: Day Two

How to effectively analyse the Annual Report  What are the key areas within a company’s annual report?  The importance of corporate governance  Understanding the balance sheet and how it relates to your investments

+971 4 335 2437

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www.saudisecuritiesforum.com

Under the patronage of:

‫ﺍﻟﻤﻨﺘﺪﻯ ﺍﻟﺴﻌﻮﺩﻱ ﺍﻟﺜﺎﻧﻲ ﻟﻸﻭﺭﺍﻕ ﺍﻟﻤﺎﻟﻴﺔ‬

2nd SAUDI SECURITIES FORUM 3 – 5 December 2012 • Four Seasons Hotel, Riyadh, KSA

FIVE WAYS TO REGISTER IIR Holdings Ltd. P.O Box 21743 Dubai, UAE

+971 4 335 2437 +971 4 335 2438

www.saudisecuritiesforum.com

register@iirme.com

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the session/s you wish to attend:

2nd Saudi Securities Forum 

Opening Ceremony & Securities Business Summit

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Retail Investor Seminars

2nd Saudi Securities Forum

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Register between 26 Sept and 24 Oct 2012

Register after 24 Oct 2012

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GROUP DISCOUNTS AVAILABLE CALL: +971 4 335 2483 E-MAIL: a.watts@iirme.com Conference fees for the Securities Business Summit include documentation, luncheon and refreshments. Delegates who attend all sessions will receive a Certificate of Attendance.

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