Garvan McCarthy’s Post

We recently hosted an event in Riyadh, Saudi Arabia, marking our second event in the Middle East. It provided a great opportunity to spend time with asset owners and hear their latest thinking on the challenges and opportunities in their portfolios. In the latest edition of Brick by Brick it’s a privilege to provide a summary of my takeaways from the event, ranging from how Saudi Arabia is positioning itself for international investors, the challenges in building a total portfolio view across public and private markets, and hedge funds’ resurgence as an asset class. Read the full article here: https://lnkd.in/exZgCAFd #investment #PrivateMarkets #HedgeFunds

We recently hosted an event in Riyadh, Saudi Arabia, marking our second investor event in the Middle East. It provided a great opportunity to spend time with asset owners and hear their latest thinking on the challenges and opportunities in their portfolios. In the latest edition of Brick by Brick I have the privilege to provide a summary of my takeaways from the event, ranging from how Saudi Arabia is positioning itself for international investors, the challenges in building a total portfolio view across public and private markets, and hedge funds’ resurgence as an asset class. Read the full article here: https://lnkd.in/exZgCAFd #investment #PrivateMarkets #HedgeFunds

We recently hosted an event in Riyadh, Saudi Arabia, marking our first event in the Middle East. It provided a great opportunity to spend time with asset owners and hear their latest thinking on the challenges and opportunities in their portfolios. Garvan McCarthy, our Chief Investment Officer for EMEA and Asia, was on the ground. In the latest edition of Brick by Brick he provides a summary of his takeaways from the event, ranging from how Saudi Arabia is positioning itself for international investors, the challenges in building a total portfolio view across public and private markets, and hedge funds’ resurgence as an asset class. Read the full article here: https://bit.ly/4fCepgc #investment #PrivateMarkets #HedgeFunds

The Capital Market Authority (CMA) has recently approved significant regulatory enhancements in the areas of Sukuk and bond issuances in the Kingdom of Saudi Arabia (KSA). The approved amendments aim to develop the regulatory framework for offering debt instruments in KSA, contributing to attracting a wider range of issuers and enhancing investment in the Sukuk and debt market.   Click the link to know more - https://lnkd.in/dmBxnBFY    #RegulatoryEnhancements #CapitalMarketAuthority #AlTamimi

The CMA's recent changes pave the way for deepening debt markets in KSA. These changes coupled with the new Companies Law allowing for bonds and Sukuk to be issued by LLCs and JSCs will impact KSA's DCM landscape positively.

Stake, a Shariah compliant digital real estate investment platform headquartered in the UAE, has officially launched in Saudi Arabia. Notably, it is the first platform regulated by the Saudi Capital Market Authority to allow international investors to access Saudi real estate investment opportunities. The platform’s entry into the Saudi market is marked by its collaboration with Mulkia Investment ملكية للاستثمار, an asset management firm in the Kingdom, to establish private real estate funds designed to make investment in Saudi real estate more accessible. https://lnkd.in/gB_fwTT7 #REDmoney #IFN #IslamicFinance #Finance #ShariahCompliant #SaudiRealEstate #DigitalInvesting #InclusiveInvestment #RealEstateInnovation #BorderlessFinance #SaudiInvestments #Stake #Mulkia #AlrajhiSeventh #SaudiCapitalMarketAuthority #SaudiArabia

Saudi Arabia’s sovereign wealth fund is exploring portfolio companies’ bond sales and IPOs to fund crown prince MBS’ vision mega projects as cash reserves drop to $15 billion, lowest since 2020 Now enlisting top Wall Street banks in loading shares offering for Saudi Aramco These bond sales and IPOs may present sources of great investment cash flows “Saudi Arabia’s sovereign wealth fund is considering plans to accelerate debt sales or obtain bank loans as it hunts for new sources of cash to help pay for Crown Prince Mohammed bin Salman’s trillion-dollar economic transformation project.” #saudi #aramco #mbs #mbsmegaprojects #ipos #cashflow #bondsales #bondissues #crownprince

Saudi Arabia's Public Investment Fund (PIF) will contribute up to $5 billion to BlackRock's new investment platform in Riyadh. It reflects the PIF's ambitions to grow the local assets management industry, which is dominated by Saudi firms, and to stimulate further investments in the kingdom, Bloomberg reported. It will incorporate strategies across asset classes, including private and public markets, through its new platform, BlackRock Riyadh Investment Management. #saudiarabia #saudi #saudia #riyadh #saudivision2030 #riyadh2030 #assets #asset #investment #investments #funds #funding #finances #economy #growth #business Source - Bloomberg

Blackrock is putting its foot on the pedal to emerge as a key partner in Saudi Arabia's growth story. The Saudi Real Estate Refinance Co. (backed by PIF) signed an MoU with #BlackRock last week to focus on developing the real estate #finance market in the kingdom. The deal will play a pivotal role in providing stability and liquidity in the #realestate financing market, benefiting housing and the financial sector. The pact is also in line with the housing sector targets of Saudi Vision 2030 attracting capital from local and foreign investors. BlackRock a few months ago announced that it will set up an investment platform in Riyadh for which, it received a primary $5 billion investment from Public Investment Fund (PIF) the kingdom’s key #sovereignwealthfund. More info here: https://lnkd.in/dJifwrrE Other Related Posts: 🔗 SA emulating #UAE playbook: https://lnkd.in/de9ERQh9 🔗 Growth in GCC led by #SaudiArabia and UAE: https://lnkd.in/dU3ytJTn 🔗 SA's ambitious plans to move away from being an oil-dependent economy: https://lnkd.in/dspV3Vsn 🔗 The Line (NEOM): https://lnkd.in/dPjE347H 🔗 SA's transformational attempt through sports: https://lnkd.in/diFQzGBm 🔗 Saudi's dependency on aramco: https://lnkd.in/daA8z4fa Follow Faraz Wadhwania

Saudi Arabia: A Prime Destination for Global Capital For years, I have been asserting that #SaudiArabia is becoming a top destination for capital investment. This observation is based on my knowledge and what I have witnessed in the country. Whenever #ForeignInvestors ask for my advice, I tell them: Saudi Arabia remains a blue ocean for financial investment and private equity firms, but remember, this room won't stay empty forever. Don't just take my word for it, listen to someone managing $12 trillion, the Chairman of BlackRock. A figure like him does not make investment moves lightly or without considerable thought. #Investment #SaudiArabia #Finance #GlobalCapital #BlackRock #PrivateEquity Public Investment Fund (PIF) #Visin2030