MEED Conference 08.pdf - The Law Society International Division
MEED Conference 08.pdf - The Law Society International Division
MEED Conference 08.pdf - The Law Society International Division
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Early bird<br />
discount – book<br />
before 1st August<br />
2008 and SAVE<br />
US$450!<br />
Park Hyatt Hotel, Dubai, UAE 20th – 22nd October 2008<br />
Middle East<br />
Capital Markets<br />
2008<br />
Exploring the future direction of Middle East exchanges<br />
Pre-Event Masterclass:<br />
Examining the importance<br />
of corporate governance<br />
20th October 2008<br />
Silver Sponsor:<br />
Leading speakers include:<br />
Abdullah Saleh Al-Suweilmy<br />
Chief Executive Officer<br />
SAUDI STOCK EXCHANGE (TADAWUL)<br />
Dr Ahmed Saad Abd El-Latif<br />
Chairman<br />
CAPITAL MARKET AUTHORITY - EGYPT<br />
Dr Armen Papazian<br />
Senior Vice President Market Development<br />
DIFX<br />
Emad Mostaque<br />
Investment Manager, MENA Fund<br />
PICTET<br />
Mohannad Sweid<br />
Chief Executive Officer<br />
DEPA<br />
Mohsin Khan, Director Middle East<br />
and Central Asia Department<br />
INTERNATIONAL MONETARY FUND<br />
4 easy ways to register: Tel: +971 4 390 0049 or +971 4 368 1974 - Fax: +971 4 368 8025<br />
Email: conferences@meed-dubai.com - Online: www.meed.com/events/capitalmarkets
MIDDLE EAST CAPITAL MARKETS 2008<br />
Today, with fears of recession in the US and the threat of a global<br />
economic slowdown, investors are increasingly turning to the Middle<br />
East as one of the few remaining pockets of growth. Now in its sixth<br />
year, the theme for <strong>MEED</strong>’s Middle East Capital Markets 2008 is the<br />
future direction of the Middle East exchanges. Recent alliances with<br />
international bourses, growing numbers of companies listing, reduced<br />
foreign ownership restrictions and improved corporate governance are<br />
all helping to raise the profile of the region’s exchanges. This conference<br />
will explore the opportunities and barriers to investing in these markets<br />
and review the needs of investors.<br />
<strong>MEED</strong>’s Middle East Capital Markets will focus<br />
on the bigger picture, the event will concentrate<br />
on the exchanges, how they are developing and<br />
how predictions are being made for the future.<br />
We will provide delegates with a complete<br />
understanding of the key issues facing capital<br />
markets in the Middle East, including:<br />
• Updates on regulatory regimes<br />
• Views from existing and potential investors<br />
• Case studies from companies that have<br />
successfully raised capital<br />
• Perspectives from the region’s exchanges and<br />
what they have to offer<br />
• An overview of the Gulf’s economic outlook.<br />
<strong>The</strong> conference focuses on giving speakers,<br />
delegates and sponsors an interactive experience.<br />
It combines open incisive panel sessions with<br />
audience voting to provide informative feedback and<br />
stimulate lively discussion.<br />
How will you benefit from attending?<br />
• Build solid relationships with key capital market<br />
operators<br />
• Gain a better understanding of the region’s<br />
regulatory regimes<br />
• Hear from companies who have gone through the<br />
listing process<br />
• Interact with existing and potential investors<br />
• Raise the profile of the Middle East as a<br />
competitive market<br />
• Secure sound insights and advice on the best<br />
investment opportunities in the region<br />
Who should attend?<br />
<strong>Conference</strong> Organisers<br />
This conference is designed for senior level<br />
executives keen to maximise the opportunities<br />
on offer in the equity markets including:<br />
• Brokers<br />
• Capital markets lawyers<br />
• Corporate issuers<br />
• Family offices<br />
• High-net-worth individuals<br />
• Institutional investors<br />
• Regulators<br />
• Stock exchanges<br />
Middle East Capital Markets is organised by <strong>MEED</strong>. For<br />
50 years business leaders have been relying on <strong>MEED</strong><br />
to give them a wealth of factual, unbiased business<br />
information that they need to be successful. <strong>The</strong> <strong>MEED</strong><br />
brand represents an unrivalled portfolio of high calibre<br />
business information products, online services and<br />
premier networking events.<br />
For more information on <strong>MEED</strong> visit www.meed.com<br />
Online: Email: www.meed.com/events/dc<br />
conferences@meed-dubai.com
Sponsorship And Exhibition Opportunities<br />
Sponsorship opportunities available - meet new partners and<br />
strike up a fresh relationship!<br />
This event provides an unmatched opportunity to benefit<br />
from face to face exposure and high seniority networking<br />
opportunities with the decision-makers who make up our<br />
delegate and speaker audience.<br />
For more information<br />
please call us on (+9714) 375 7993<br />
or email adolphe.chaiban@meed-dubai.com<br />
Silver Sponsor:<br />
Online Networking<br />
\<br />
Book today<br />
With <strong>MEED</strong>’s Online Networking facility, you will be able to<br />
access the full delegate list prior to the conference. A personal<br />
username and password will be given to you one month before<br />
the conference. All discussions are private so that you can<br />
ensure all new business generation and discussions build on your<br />
business opportunities. Get the most out of your time at Middle<br />
East Capital Markets 2008 by using this free service.<br />
PRE-EVENT MASTERCLASS<br />
20th October 2008<br />
Examining the importance of corporate governance<br />
To build strong and effective financial and capital markets it is vital<br />
that corporate governance standards are good. Corporate governance<br />
is a key element in enhancing investor confidence and ultimately<br />
encouraging growth in capital markets.<br />
Why you should attend?<br />
Middle East Capital Markets brings you a dedicated half day masterclass<br />
examining the importance of good corporate governance.<br />
It demonstrates how sound corporate governance principles are<br />
essential in retaining more capital locally, building strong capital<br />
markets, raising public and stakeholder confidence and developing<br />
the banking sector.<br />
<strong>The</strong> masterclass will look at the following issues:<br />
• Corporate governance in MENA: emerging trends and opportunities<br />
• <strong>International</strong> trends on corporate governance for capital market<br />
stability and increased investor confidence<br />
• Developing open and transparent markets to ensure sound<br />
corporate governance regimes<br />
• Applying a legal and regulatory framework of corporate governance<br />
as a mechanism through which shareholders and creditors can<br />
review management<br />
• Assessing risk management policies<br />
12:30 Registration and refreshments<br />
13:00 Masterclass including a 20-minute break with refreshments<br />
15:30 Close of masterclass<br />
To find out more about Online Networking, visit<br />
www.meed.com/events/capitalmarkets<br />
Supporting Partner<br />
Media Partners<br />
Online: www.meed.com/events/capitalmarkets
DAY ONE: Tuesday, 21st October 2008<br />
8.30 Registration and coffee<br />
9.00 Chairman’s opening remarks<br />
Edmund O’Sullivan, Chairman, <strong>MEED</strong> EVENTS<br />
THE CURRENT ROLE OF EXCHANGES IN THE MIDDLE EAST<br />
9.10 Keynote address: why efficient Middle East exchanges are vital to<br />
the region’s long-term economic success<br />
• Examining the macroeconomic outlook for the Gulf in an era of<br />
global economic uncertainty<br />
• Huge domestic liquidity and high oil prices driving the regions<br />
growth – how long can this trend last?<br />
• How the Middle East can benefit as global momentum shifts<br />
East and what needs to be done to maximise the opportunity<br />
• Ambition v pragmatism: what can the Gulf’s exchanges<br />
realistically achieve for the future?<br />
• <strong>The</strong> increasingly important role of regional players in global<br />
market consolidation<br />
9.40 Case study: reviewing the impact of SCA’s new market rules<br />
• How the UAE financial services industry is regulated<br />
• Examining the responsibilities of SCA<br />
• Discussing this year’s new market rules and draft law on margin<br />
trading – what has been the impact?<br />
• <strong>The</strong> regulatory view on plans to introduce new instruments:<br />
derivatives, futures and options<br />
10.00 Case study: an integrated regulator in Qatar<br />
• Why did Qatar decide to reform regulation?<br />
• Explaining the role of the new regulator for Qatar<br />
• Improving efficiency in regulations<br />
• Resultant impacts for both domestic and foreign investors<br />
10.20 Panel: to what extent should Middle Eastern countries<br />
copy Western capital markets regulation?<br />
• Are Middle East exchanges providing the right balance between<br />
the needs of the company and those of the investor?<br />
• Regulatory competition: how investors and companies consider<br />
regulation when they choose to invest or list<br />
• <strong>The</strong> impact of more stringent regulation on listed companies?<br />
• What can the wider Middle East learn from recent regulatory<br />
reforms in the GCC and elsewhere?<br />
Dr Ahmed Saad Abd El-Latif, Chairman<br />
CAPITAL MARKET AUTHORITY - EGYPT<br />
Imran Aikal, Compliance Manager - Treasury and Capital Markets<br />
MASHREQ BANK<br />
Khaled Kurdieh, Chief Executive Officer, MASHREQ SECURITIES<br />
11.10 Coffee break<br />
INVESTING IN THE MIDDLE EAST<br />
11.40 Attracting international investors to increase their exposure<br />
to Gulf markets<br />
• Clarifying the difference for an Asset Manager between operating<br />
in the GCC and Western Markets<br />
• Identifying regulatory and non-regulatory barriers to outside<br />
investment<br />
• What changes are necessary to increase capital flows to the Middle<br />
East?<br />
• Assessing the impact of foreign investment on regional capital markets<br />
• Highlighting the most attractive markets and sectors for<br />
international investors<br />
Michael Klimek, Head of Asset Management Middle East,<br />
COMMERZBANK<br />
12.10 Panel: what investors will need to see from the market before they<br />
would increase their allocation to the Middle East<br />
• Clarifying how the level of transparency and disclosure impacts on<br />
investment decisions<br />
• <strong>The</strong> role of objective and reliable research in encouraging investors<br />
• How developing a book building culture allows for effective pricing<br />
• Discussing how to increase liquidity in Middle East capital markets<br />
• Exploring investor appetite for the new products in the markets<br />
• How effective is the Middle East as an opportunity to diversify your<br />
portfolio<br />
• Emphasizing the importance of a transparent judicial system<br />
Senior representative, DIFC COURTS<br />
Dr Ahmed S. Bin Hezeem, Director General, DUBAI COURTS<br />
13.00 Lunch<br />
14.30 Has the credit crunch really made the Middle East more attractive<br />
to investors?<br />
• <strong>The</strong> role of emerging markets as a refuge from current market<br />
volatilities<br />
• Is the Middle East decoupling from the US economy and what<br />
are the implications of this for regional capital markets?<br />
• How Middle East investors can benefit from opportunities<br />
elsewhere in the world<br />
• Assessing the domestic impact of sovereign wealth funds<br />
• Exploring the impact of a weakening dollar and rising oil prices<br />
on the global economy and Gulf markets<br />
IPOS AND LISTING IN THE GULF<br />
15.00 Examining the Gulf’s IPO Pipeline<br />
• Using book building to effectively price IPOs<br />
• Capitalising on Middle East wealth: advantages to going public<br />
• What proportion of equity in an IPO is taken up by international<br />
investors?<br />
• Review of recent listings: where were they, are particular industries<br />
listing more than others?<br />
15.30 Coffee break<br />
16.00 Panel: listing on a Gulf exchange<br />
• Why did the company need to raise capital?<br />
• Rationale behind choosing an IPO over other alternatives<br />
• Explaining the listing process<br />
• How investors were targeted<br />
• Moving forward: what’s next for the business?<br />
Adel Ali, Chief Executive Officer, AIR ARABIA<br />
Mohannad Sweid, Chief Executive Officer, DEPA<br />
Mr Khaldoun Al Tabari, Chairman and Chief Executive Officer,<br />
DRAKE & SCULL GROUP<br />
Shamsa Al Baloushi, Vice President, AL MOJIL MIDDLE EAST<br />
16.50 Case study: listing outside the Gulf<br />
• Describing the decision making process<br />
• Discussing the difficulties faced in listing abroad<br />
• Advising others who would like to list on an international market<br />
17.20 Case study: a banks perspective on the IPO process<br />
• How private equity companies are preparing solid IPO stories<br />
• Will high levels of private equity activity in the Gulf end with a raft<br />
of IPOs and if so where will they list?<br />
• Discussing exit strategies<br />
Imad Ghandour, Head of Research and Strategy Department and<br />
Executive Director, Private Equity, GULF CAPITAL<br />
17.50 Chairman’s closing remarks<br />
18.00 Networking reception<br />
Phone: +971 4 390 0049 or +971 4 368 1974
DAY TWO: Wednesday, 22nd October 2008<br />
8.30 Registration and coffee<br />
9.00 Chairman’s opening remarks<br />
Edmund O’Sullivan, Chairman, <strong>MEED</strong> EVENTS<br />
MIDDLE EAST EXCHANGE FOCUS<br />
9.10 Case study: Saudi Arabia Tadawul<br />
• Market liberalisation: when will foreign investors be able to access<br />
Saudi market?<br />
• How investors are getting round restrictions<br />
• Key attractions to investing in Saudi market<br />
• Review of IPOs in the pipeline<br />
• Position in regional stock exchange<br />
• Forecasting future plans for Tadawul<br />
Abdullah Saleh Al-Suweilmy, Chief Executive Officer<br />
SAUDI STOCK EXCHANGE (TADAWUL)<br />
9.40 Case study: future outlook for DIFX<br />
• Analysing upcoming listings and their significance for regional<br />
exchange<br />
• How does DIFX see its role in regional stock exchanges<br />
• Successful strategies in attracting international investors to the<br />
DIFX<br />
• Examining global plans of DIFX<br />
• Has the NASDAQ deal presented more opportunities for doing<br />
business abroad?<br />
Dr Armen Papazian, Senior Vice President, Market Development<br />
DIFX<br />
10.10 Case study: Cairo and Alexandria stock exchange (CASE)<br />
• Overview of CASE<br />
• New regulations to be introduced on transparency and corporate<br />
governance<br />
• Impact of introduction of ETFs<br />
• Launch of new exchange for small and medium-sized companies<br />
10.40 Coffee break<br />
11.10 Panel: the perspective of the leading exchanges in Middle East<br />
• What are the expectations for Middle East exchanges?<br />
• <strong>International</strong> partnerships: what do these mean for local markets?<br />
• How can the region’s exchanges attract investors/companies to list?<br />
• What plans are there for increasing liquidity in the region’s<br />
exchanges?<br />
Jalil Tarif, Chief Executive Officer, AMMAN STOCK EXCHANGE<br />
FUTURE TRENDS<br />
12.00 Future trends for GCC currencies<br />
• Tie to dollar peg: calls for currency revaluations and their effect on<br />
money markets?<br />
• Controlling inflationary pressures: tighter monetary policies<br />
• Adopting a currency basket peg by 2009 and its advantages<br />
• Establishment of a single GCC currency by 2010<br />
Mohsin Khan, Director Middle East and Central Asia Department<br />
INTERNATIONAL MONETARY FUND<br />
Florence Eid, President<br />
ARABIA MONITOR<br />
14.00 Panel: emerging markets, where to invest in 2009?<br />
• How the Middle East compares to other emerging markets<br />
• Frontier markets: assessing the potential of countries such as<br />
Syria, Algeria and Morocco<br />
• What makes Middle East markets stand out?<br />
- Accessibility<br />
- Liquidity<br />
- Decoupling<br />
- Price/earnings ratio<br />
- Volatility<br />
- Diversification<br />
• Examining the pros and cons of inclusion in international indices<br />
Brad Durham, Managing Director<br />
EMERGING PORTFOLIO FUND RESEARCH<br />
Emad Mostaque, Investment Manager, MENA Fund<br />
PICTET<br />
14.50 Panel: assessing the opportunities, limitations and challenges in<br />
Islamic funds<br />
• Examining the process of how Islamic funds invest<br />
• Understanding the need to establish a consistent view of<br />
Shariah compliance<br />
• To what extent is recent market growth down to the role of<br />
Islamic indices<br />
• Product development in Islamic funds<br />
• Is there a place for listed sukuks in Middle East capital markets?<br />
Ibrahim A Mardam-Bey, Chief Executive Officer, SIRAJ CAPITAL<br />
15.40 Coffee<br />
16.10 Shariah compliant corporate governance<br />
• What makes a company a suitable Islamic investment?<br />
• Demand for improved corporate governance<br />
• Examining general standards of corporate governance in the<br />
Middle East<br />
• Understanding Islamic ethical standards for investment and<br />
their attraction to other ethical investors<br />
• Islamic companies going public<br />
16.40 Innovative listed products in Middle East<br />
• To what extent is investor appetite driving demand for new<br />
investment products?<br />
• Would developing a derivatives market encourage investment<br />
and market growth?<br />
• Challenges and growth opportunities for different products in<br />
Middle East region; ETFs, ETCs, REITs and structured products<br />
• What are Middle East investors looking for?<br />
• Overview for potential for Shariah compliant listed products<br />
including derivatives<br />
Wasim Saifi, Chief Executive Officer, TAMWEEL<br />
17.20 Close of <strong>Conference</strong><br />
12.30 Lunch<br />
© Emap Ltd 2008. <strong>The</strong> programme may change due to unforeseen circumstances. Emap reserves the right to alter the venue and/or speakers.<br />
Fax: +971 4 368 8025
FIVE EASY WAYS TO REGISTER<br />
Would you like<br />
information on a<br />
subscription to <strong>MEED</strong>?<br />
Please tick here g<br />
Book Online at: www.meed.com/events/capitalmarkets<br />
Telephone: +971 4 390 0049 or +971 4 368 1974<br />
Fax: +971 4 368 8025<br />
Email: conferences@meed-dubai.com<br />
Post to: <strong>MEED</strong> <strong>Conference</strong>s Registration<br />
<strong>MEED</strong> Office 2004, 20th Floor<br />
Al Thuraya Tower 1, Dubai Media City<br />
PO Box 25960, Dubai, UAE<br />
DELEGATE FEES<br />
Please register ___ delegate(s) for Middle East Capital<br />
Markets 2008. Please tick the appropriate box<br />
Early Bird Price before<br />
01.08.08<br />
Two Day <strong>Conference</strong><br />
Plus 1 Masterclass<br />
US$3,099<br />
Two Day<br />
<strong>Conference</strong><br />
US$2,349<br />
Brochure code: WEB<br />
<strong>Conference</strong> code: M814<br />
DELEGATE DETAILS Please photocopy this form to register further delegates<br />
Please Complete In BLOCK CAPITALS<br />
Price between<br />
01.08.08 and 12.09.08<br />
Price after 12.09.08<br />
Price Onsite<br />
US$3,224<br />
US$3,349<br />
US$3,499<br />
TERMS AND CONDITIONS<br />
US$2,474<br />
US$2,599<br />
US$2,749<br />
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DATA PROTECTION<br />
As a registered delegate your name and contact details will be<br />
placed on the attendee list which will be passed to sponsoring<br />
companies and to all attendees (in the conference pack and on a<br />
search facility on our website accessible by a password) for them<br />
to see who else is at the conference for the purpose of networking<br />
and meetings. If you do not wish your details to be included on<br />
the delegate list please tick. n<br />
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Venue: Park Hyatt Dubai, UAE<br />
P.O. Box 2822 - Dubai, United Arab Emirates<br />
Telephone: +971 4 602 1234<br />
Fax: +971 4 602 1235<br />
ACCOMMODATION<br />
For accommodation please contact room reservations at Park<br />
Hyatt Dubai, UAE, tel: (+971 4) 602 1234, quoting the conference<br />
title and date. Accommodation is limited, please book as soon<br />
as possible.<br />
ACCESS REQUIREMENTS<br />
To help us ensure that all delegates attending the conference<br />
are able to participate fully, please let us know about any<br />
requirements you have by contacting the Customer Service team<br />
using the details above.<br />
DIETARY REQUIREMENTS<br />
We always provide vegetarian options at our conferences, but<br />
please inform us if you need us to cater for any other dietary<br />
requirements.<br />
CONFERENCE LANGUAGE:<br />
English<br />
BOOKING CONDITIONS / CANCELLATIONS / SUBSTITUTIONS<br />
REGISTRATION CONFIRMATION<br />
A confirmation letter and invoice will be sent by email within 1<br />
working day of registration. Please contact the customer services<br />
team on +971 (0) 4 390 0045 should you not have received this.<br />
PAYMENT<br />
Bookings made prior to the event must be paid in full within 30<br />
days of invoicing to guarantee your registration. Full payment<br />
must be received prior to the event or credit card payment will be<br />
required on the day. Your booking is not secure until it is paid.<br />
EARLY BIRD RATE<br />
In order to qualify for any of the above early bird rates, your<br />
booking and payment must be received before the deadline date<br />
listed on the brochure. To avoid missing this, we recommend<br />
securing payment with a credit card on registration.<br />
CANCELLATIONS / SUBSTITUTIONS<br />
We appreciate that sometime you are unable to attend, in which<br />
case we are happy to welcome a substitute delegate. Please let<br />
as know as soon as possible in writing to confirm this. Should<br />
substitution not be possible we can of course provide a voucher<br />
which you can use for another event within one year of cancellation.<br />
PLEASE NOTE<br />
<strong>The</strong> conference fee covers entrance to all sessions, conference<br />
documentation, coffee/refreshment breaks, lunch and evening<br />
reception.<br />
Please quote the conference code M814 and delegate’s name in your correspondence
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