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Realizing the Saudi vision: leveraging China’s economic prowess and Hong Kong’s capital market expertise
China has not been a business destination for us but over the past years, especially since the visit of the Chinese president to Riyadh, a new era has been paved between the two ...
A dream come true: a polo club in Diriyah
It was music to my ears to read the official announcement that Diriyah Co. has signed a $2 billion contract with Urbacon Saudi Co. and Al-Bawani Group to develop the Wadi Safar project, including the Royal Diriyah Equestrian and Polo Club, a golf course...
Quantum leap by Saudia Group to enhance Hajj and Umrah mobility services
Earlier this year, Saudia Hajj and Umrah, a subsidiary of the holding company, obtained a license from the Ministry of Hajj and Umrah to serve pilgrims. The group aligns with the Kingdom's commitment to enhancing the pilgr...
BMG Economic Forum 2024: Another voice to promote Saudi investments
Last Wednesday, BMG Financial Group hosted the 17th edition of its economic forum with the theme “Why Saudi Arabia? Why now?” at the London Stock Exchange, to introduce investment opportunities in Saudi Arabia, with...
Another year of glory: We are proud of you kids
Nothing is more joyful than celebrating the victory of our youth in international competitions. A few weeks ago, Saudi science and engineering students made headlines worldwide, winning 27 awards at the International Science and Engineering Fair 2...
And here comes the enhanced spiritual journey of Hajj
With its latest overhaul, the Hajj and Umrah sector is becoming a key economic driver and significant cornerstone of non-oil activity. The continual development of Hajj and Umrah organizations and services is an unstoppable mission and among...
Saudi economy to record second-highest global growth rate in 2025
One of the most important indicators for foreign direct investors is the growth rate of the economy. Saudi Arabia has maintained its status within the G20 club.
Despite geopolitical developments in the region and worldwide, the ...
Unprecedented growth in asset management business in Saudi market
Just before the Eid break, the Saudi Capital Market Authority disclosed statistics that are considered unprecedented in the assets management business in the Saudi market. The values of locally managed assets increased from $134 ...
Al-Mawaddah Society for Family Development: An example to be proud of
The holy month of Ramadan is known as a time for giving and supporting needy families and individuals through charitable contributions and corporate social responsibilities.
I was invited to join the honorary board of the Al...
Golden opportunities in Saudi Arabia for Turkish construction firms
I recently received an invitation from Badr Al-Badr, the Saudi deputy minister of investment, to join a delegation from the Kingdom on a business fact-finding trip to Georgia and Turkiye.
Flying to the Georgian capital, Tbilis...
Will TASI hit fourth spot in list of world’s largest stock exchanges by 2030?
According to the World Federation of Exchanges, by the end of 2023 the Saudi main exchange, Tadawul All Share Index, was ranked 11th among the world’s largest exchanges. The positioning placed Tadawul just...
The magic of AlUla attracts the King of Opera
In 1990, a few weeks after landing in London to start my asset management assignment with NCB, now SNB Capital, I went to my first-ever opera concert at Hyde Park performed by the late legend Luciano Pavarotti. Since then, attending opera concerts h...
The freezing snow of Davos will melt in the warmth of Riyadh
I have often been to Davos to attend the World Economic Forum but never experienced such freezing snow weather as this time. Although the outside temperature averaged -6 C, there were heated discussions inside the congress corridors.
...
Is Saudi Arabia becoming a global mining hub?
Last week, I was invited to attend the third Future Minerals Forum, the first major event in the Kingdom in 2024, featuring over 13,000 government and private sector delegates from 145 countries. Since its inception two years ago, the forum has evol...
Endless efforts to enhance the spiritual journey of Hajj and Umrah
As a key economic driver and a significant cornerstone of the non-oil sector, the continual development of Hajj and Umrah organizations and services in the Kingdom is an unstoppable mission and is among the top priorities of the...
Another key milestone in the stunning Asir region
The Asir region appears to have more good news to share with us. Last week, the Asir Development Authority launched the second industrial city, covering an estimated area of 17.3 million sq. m.
Governor of Asir Prince Turki bin Talal bin Abdula...
Why is China taking the dragon’s share of Saudi business?
Last week, the Saudi Ministry of Investment held its latest roadshow in China, where Minister Khaled Al-Faleh met his Chinese counterparts during a conference aimed at expanding trade, investments, and technology cooperation.
Duri...
The Saudi 2024 budget and its logistics pillar
Every year, the Saudi British Society awards one person from each of the countries for their outstanding contributions to enhancing relations between the two nations.
In September, I received an email from a friend, William Paty, informing me that...
World in Riyadh for a farsighted future
Last July, I was honored to play a minute role in promoting Riyadh City to host World Expo 2030.
With the theme “Riyadh: The City of the Future,” we hosted our annual economic forum at the London Stock Exchange with a league of distinguished ...
Fond memories of life in London revived
Every year, the Saudi British Society awards one person from each of the countries for their outstanding contributions to enhancing relations between the two nations.
In September, I received an email from a friend, William Paty, informing me that the SB...
Hajj services companies — a new sector to watch
As a key economic driver and a major cornerstone of the non-oil sector, the continuous development of Hajj and Umrah organizations and services is among the top priorities of the Saudi government’s vision. The Kingdom’s economic ...
Evolution of asset management business in KSA
In my opinion, the asset management business in Saudi Arabia has undergone four phases: pre-Capital Market Authority, post-CMA establishment, during the latest leadership of the CMA, and after the recent new initiatives by the Public Investment Fund...
Sky’s the limit for Asir’s international brand for tourism
Crown Prince Mohammed bin Salman recently made two important announcements relating to the Asir region.
The first was launching a master plan for the new Abha International Airport that aims to embody an architectural ident...
Logistics — the backbone of the economy
Saudi Minister of Transport and Logistics Services Saleh Al-Jasser was in Ankara last week to explore cooperation in transportation and logistics services with his Turkish counterpart, Abdulkadir Uraloglu. The two officials discussed issues related ...
From Sofia with Business
Last week, during my fact-finding trip to Sofia, I had the pleasant surprise of meeting Bulgarian President Rumen Radev when I met the economic advisory team at the Bulgarian presidential palace. My trip to Sofia was part of the due diligence exercise that we at BMG Fin...
Why does the Kingdom intend to develop peaceful nuclear energy?
It was music to my ears to hear the statement by Saudi Minister of Energy Prince Abdulaziz bin Salman at the 67th International Atomic Energy Agency General Conference in Vienna last week that the Kingdom intends to develop peacefu...
A corridor of prosperity
My last experience with the G20 meetings was at the Antalya summit in Turkey in 2015. I attended the G20 Sherpa meetings where King Salman led the Saudi delegation. Based on media coverage, it appears that this year’s G20 meetings in India have made a historic ann...
Riyadh hosts world’s largest real estate gathering
A few weeks ago I wrote an article about innovation in housing in the Kingdom. Housing is undoubtedly a crucial pillar of the country’s vision. On Sunday, Cityscape launched its largest convention ever, in partnership with the Minis...
Should advanced nuclear energy be focus of Saudi lower-carbon emissions strategy?
My first introduction to renewable energy occurred in 2003 when I attended a presentation at the World Bank mission office in Riyadh. The main focus of the presentation was the vast economic potential of solar ene...
A new regulator for the Saudi insurance sector
Last week, the Council of Ministers approved the establishment of the Insurance Authority. The main objective of the new regulator is to boost the efficiency of the insurance sector and increase its contribution to the Kingdom’s non-oil gross...
Developing safe, sustainable nuclear energy in the Kingdom
Most G20 economies have implemented initiatives to develop and generate nuclear energy that is safe, clean, and economical. More than a decade ago, Saudi Arabia set up a dedicated center for nuclear energy under the name King Abdullah Cit...
Dual listing between Saudi Stock Exchange and other exchanges
Once we announced the reactivation of BMG’s IPO workshop sessions, planned monthly starting at the end of this month with dedicated sessions on dual listing, we received an overwhelming inquiry about the benefits of dual listin...
Why mining?
I have always believed that mineral resources are a great blessing from God for any country. Mining is a significant revenue driver for many economies worldwide. The Saudi mining sector’s revenue is estimated to account for the lion’s share of the country’s non-oil...
Saudi and Turkish relationship: a new era
For someone who has attended so many business forums involving Saudi and Turkiye, the one I attended last week was different.
Firstly, post winning the last election, this was the first trip for Turkish President Recep Tayyip Erdogan and his ministers ...
Innovations in housing for a better quality of life in Saudi Arabia
At the annual BMG Economic Forum at the London Stock Exchange on July 5, held under the theme “Riyadh: The City of the Future,” a few memoranda of understanding were signed in support of the Saudi government...
Expo 2030: Why Riyadh?
As my hometown and for someone who lived his childhood and grew up there in the years before college, it is such a special feeling to have the capital of the Kingdom, Riyadh, shortlisted to host such a glorious global exhibition like the Expo, and to see it compet...
Saudi Arabia tapping into carbon credits economy
The Saudi sovereign Public Investment Fund, through its Regional Voluntary Carbon Market Company, last week announced a plan to launch a carbon credit exchange early next year. The company will also offer advisory services to companies lo...
Tourism a significant driver of Saudi economic and social development
As part of Saudi Vision 2030, tourism is a cornerstone of the Kingdom’s transformation plan. With its massive size, which is almost 10 times that of the UK, Saudi Arabia offers a variety of tourist attractions i...
Saudi Arabia is blessed with an aspiring, youthful population
The statement of Saudi Minister of Economy and Planning Faisal Al-Ibrahim that the latest population census is “the most comprehensive and accurate” in the “Kingdom’s history” caught my attention...
Saudi Arabia’s three decades of pride in astronauts’ achievements
In 1985, after completing his space mission, Prince Sultan bin Salman visited Boston as part of his world tour. For me and my friends who were studying at Harvard, it was a memorable and historic day to meet t...
Localizing semiconductor technology in Saudi Arabia
I recently received an invitation to attend the Future of Semiconductors Forum, a specialized gathering addressing the growth potential and challenges facing this critically important sector for humanity.
As some may know, semiconduct...
How cloud seeding will benefit the Kingdom
It was music to my ears when I saw last week’s news coverage of the Ministry of Environment, Water and Agriculture signing an agreement to buy five aircraft for its cloud seeding program. The government seeks to create new water resources...
Riyadh’s transformation and its new investment opportunities
Vision 2030 remains an essential guide for building the Saudi Arabian economy. And foreign direct investment is an indispensable enabler of the vision. The Ministry of Investment and other ministries have organized many forums a...
Ehsan platform and the digitization of noble contributions
Since the company’s inception 25 years ago, we at BMG Foundation have prided ourselves on being one of the first organizations to coin the term corporate social responsibility. Since then, organizations such as Saudi National Bank...
Umrah season in Ramadan is back to its peak
As we observe Ramadan, performing Umrah is one of the holy month’s main rituals. Saudi Arabia has assumed a prominent place in the world and has become synonymous with hospitality and a warm welcome to all Muslims.
According to ...
Seek knowledge even if you have to go as far as China
Up until recently, China was not an active tourist or business destination for millions of people in Saudi Arabia. Decades of cold war in the last century between the Western bloc and China, coupled with the language barrier and othe...
Formula One a game-changer for the spectacular Bride of The Red Sea
It was another spectacular weekend for Jeddah city, the Bride of the Red Sea. As the Saudi Vision 2030 transformation plan aspires to grow household and tourist spending on entertainment and tourism through the creation...
Riyadh’s name is flying sky-high
Back in 2015, I visited my dear brother Yasir Al-Rumayyan to congratulate him on his new post as the Public Investment Fund governor. Back then, the fund’s team had less than 50 members working in one of the buildings inside Riyadh’s Di...
SMEs: The key driver of the Saudi economy
During my high school years, I used to spend my evening hours at my father’s company: Al Ghalayini Fountains, a specialized construction company for the beautification of waterworks. Back then, there were only a handful of small and medium...
Government and private sector are in concert: The symphony has started
Since almost one-third of our clients are international companies, not to mention my network of contacts in the London financial market gained while living there for over 15 years, I am frequently asked: “Are y...
The Magic of Diriyah on Founding Day
As we celebrate the week-long festivities of the Saudi Founding Day, there is one word that keeps being repeated and has become the most common and focal name when describing the occasion. This word is “Diriyah.” According to history, Ima...
2022 a turning point in the Saudi capital market
I received an invitation from my dear brother Khalid Al-Hussan, CEO of Saudi Tadawul Group, to attend this year’s edition of the Saudi Capital Market Forum, which took place in Riyadh last week. I must say, compared to its previous ...
From waste to wealth: Turning challenges into economic returns
Since the launch of the Vision 2030 masterplan, Saudi Arabia has been witnessing rapid industrialization and fast urbanization, which has resulted in increased levels of pollution and waste. Riyadh city alone, with a master ...
Central Bank digital currency coming to Saudi Arabia.
The announcement by the Saudi Central Bank, SAMA, about the launching of its test lab for digital currency is a move in the right direction for the digitized economy.
Saudi Arabia continues its journey toward Vision 2030 wit...
Saudi Arabia shines as global investment darling at BMG Economic Forum
Investors and experts from across Saudi Arabia, the UK and Europe gathered at the BMG Economic Forum’s annual meeting at the London Stock Exchange on Tuesday to highlight key investment and cooperation opportunit...
A wonderful evening of classical music at London’s iconic St. John’s Smith Square brought together sounds and melodies of Saudi Arabia from the Royal Philharmonic Orchestra on Monday.
The event marked the opening of the annual economic forum presented by BMG Foundation.
The event was...
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Bassel Al-Ghalayini, CEO of BMG Finance Group, said: "This conference will explain the positive aspects of Vision 2030.
The CEO of BMG Financial Group Basil AlGhalayini said, in an interview with “Al Arabiya News” , that the parallel market is crucial for family businesses as it accommodates these firms and protect their equity values from dropping .
AlGhalayini added that the Saudi Stock Exchange &ldq...
Mr. Basil Al Ghalayini, Board Chairman and Chief Executive Officer of BMG Financial Group, share his opinion on the launch of Nomu- Parallel Market in the Saudi Stock Market and the listing of Small and Medium Enterprises. In addition to the role of BMG Financial Group being the Financial Consulta...
DUBAI: Saudi real estate firm Bunyan United Company has appointed BMG Financial Group as its advisor for its upcoming listing on Nomu, a parallel market in the Saudi stock exchange.
The offering is expected to be one of the biggest listings in the parallel market with a value exceeding SR1 billio...
BMG Financial Group, The Financial Advisor of Alsamaani Factory for Metal Industries Company, has announced that the company has obtained the Capital Market Authority approval for offering 225,000 shares representing 20% of the Company's share capital to be listed in Nomu-Parallel Market which wil...
BMG CEO has chaired in Riyadh the regular meeting of authorised Persons Committee 5 (APC5) which includes local & international companies listed below.
It was an excellent opportunity to compare and share information on selected deals for potential cooperation among APC5s especially in ...
Today, in The Eastern Province, at the Legal Solution House, during the 5th workshop to introduce the new listing rules of the CMA and TADAWUL for the second financial market. Sixth workshop will be in the Western Region. Date will be notified soon insha'Allah.
With God blessing, BMG Financial Group had signed today an Advisory Mandate with Mr. Abdulfattah Ibrahim Al Julaidan for his family 5 stars hotel in Almadina Almonawara. The project will be suilt by a leading local developer and will be operated by a leading international hotelier. The projec...
Today in Jeddah at BMG Financial Group offices during the first workshop, with Tadawul team participation, to introduce the new listing rules for the secondary financial market. Next workshop will be organised right after the Eid break.
