USSaudiForum - Panel 9 - John Sfakianakis - Opportunities for Finance and Investment
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USSaudiForum - Panel 9 - John Sfakianakis - Opportunities for Finance and Investment

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The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how ...

The 3rd US-Saudi Business Opportunities Forum was held Sep 16-18, 2013, bringing together officials, business people, educators and specialists highlighting the U.S.-Saudi trade relationship and how U.S. companies can participate in Saudi Arabia's expansion.

Saudi Arabia is undergoing an extraordinary economic boom. Massive public investment, rapid private-sector growth and new sector initiatives are driving an expansion projected to offer more than $1 trillion in trade and investment opportunities over the next decade.

This panel of distinguished experts highlighted the opportunities in finance and investment.

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USSaudiForum - Panel 9 - John Sfakianakis - Opportunities for Finance and Investment USSaudiForum - Panel 9 - John Sfakianakis - Opportunities for Finance and Investment Presentation Transcript

  • Mohammed AlSubeaei & Sons Investment CompanyAlsubeaei Building, Makkah Road P.O. Box 301166 Riyadh 11372, Saudi Arabia – Tel: +966 (0)11 4883388 Fax: +966 (0)11 4886262 Email: info@masic.com.sa ABKING Mohammed Alsubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company 1 US-Saudi Arabian BusinessUS-Saudi Arabian Business Opportunities ForumOpportunities Forum Opportunities for Finance and InvestmentOpportunities for Finance and Investment ““The Great Frontier: Saudi Arabia”The Great Frontier: Saudi Arabia” John SfakianakisJohn Sfakianakis Chief Investment StrategistChief Investment Strategist September 18, 2013September 18, 2013
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company Why Saudi Arabia? ● Largest economy in MENA ● Solid macro fundamentals; no asset bubbles ● Pegged currency; offers stability and predictability ● High government spending (infrastructure, housing, education, healthcare) ● Growing consumer base ● Very young population (50% below 25 years) ● Size matters: One-fifth the size of the US ● Politically stable ● Last but not least, Saudis like to do business with the US and love to visit the US 2
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company 19th largest economy in the world; Economy grew by > than 3x since 2001 3
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company Medium term outlook is very promising 4
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company Surplus revenue is high as oil prices are strong; breakeven (revenue – expenditure = breakeven) is at $76 per barrel 5
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company Saudi consumer gains momentum as spending power increases 6
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company Banking sector lending back on track 7
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company Net income growth of 12.1% in 2013E of listed companies, PE 13.9x. Consumer, retail, food, petrochemicals & banks will do well in this order 8
  • Mohammed AlSubeaei & Sons Investment CompanyMohammed Alsubeaei & Sons Investment Company How does a family office like MASIC fit in all this? ● Family businesses comprise 95% of all private economic activity ● The future of families offices is the future of Saudi Arabia ● Families are corporatizing ● Transitioning from 2nd to 3rd generation is a challenge and an opportunity ● Becoming increasingly global and growing in size and depth across different asset classes ● Better utilizing bankers and wealth managers ● Capacity within the country is increasing as the future looks bright 9
  • Mohammed AlSubeaei & Sons Investment Company10 Thank you Email: jsfakianakis@masic.com.sa