Tadawul brings international crisis management standards for investor relations to Saudi Arabia
The Saudi Stock Exchange (Tadawul) will host a workshop for listed Saudi companies at its headquarters in Riyadh on Wednesday 22 November 2017, covering crisis preparedness and its impact on shareholder value.
The event will be presented by Robert McAllister, global crisis management expert at Instinctif Partners; a leading international business communications consultancy, with the support of the Middle East Investor Relations Association (MEIRA), and the Saudi Chapter.
“Driving forward IR capabilities in the Kingdom is crucial to diversify our economy. In this context, we are committed to continuing our IR awareness efforts through holding a series of IR workshops across Saudi listed companies.Through such workshops, we aim to further promote transparency in the Saudi market, fostering a culture of improved corporate governance and effective communication between listed companies, the exchange, regulators, advisers and all market members in the Saudi Capital Market,” said Mohammed Al Rumaih, Chief of Sales & Marketing at Tadawul.
Samantha Bartel Al Khalaf, Managing Partner, Instinctif Partners Middle East added that when a crisis hits a business, whether a natural disaster, an operational issue or a major governance problem, it can directly impact shareholder value and the workshop will examine how businesses that are prepared for a crisis, and which react quickly and effectively, recover their shareholder value most efficiently.
“The net result of improved crisis preparedness and response will be an institutionally stronger group of leading listed corporates, which will directly support the diversification and growth of Saudi Arabia’s economy,” concluded Bartel Al Khalaf.
Under the Saudi Chapter, the special series of Investor Relations (IR) workshops have been designed to resonate with Saudi Vision 2030, and will act as a knowledge hub where IR professionals can come together to network and learn from international leaders in crisis preparedness.