The National Commercial Bank (NCB) recently announced its main sponsorship of the Second GCC Capital Market Forum that will take place March 3 to 5, 2007, at the JW Marriott Hotel in Dubai, United Arab Emirates.
NCB is sponsoring the Forum for a second time this year and last year's event was held under the patronage of the UAE Minister of Finance and Industry and Deputy Ruler of Dubai His Highness Sheikh Hamdan Bin Rashid Al Maktoum.
Two of NCB's senior officials are speakers at the Forum: during the second session of the first day Mr. Hicham Hatoum, Senior Corporate Banker at NCB will present a paper to coincide with the session pertaining to the subject of 'Who is the Beneficiary from the Transfer of Family Businesses to Capital Markets?'
In the first session of the second day, Mr. Khalid Tahir, NCB Brokerage Business Manager, will discuss the intricacies of 'Electronic Securities Trading and its effect on the development and unification of the GCC Capital Markets. The third and final day will comprise of an interactive workshop pertaining to the subject of 'The Requirements for Transferring Family Companies into Public Companies.'
"NCB's continued sponsorship of the GCC Capital Markets Forum 2007 is part of our role as one of the leading banks in the GCC," said Hassan Al-Jabri, Head of Investment Banking Group at NCB. "We fully support the objectives of this year's Forum and hope the final conclusions and recommendations will result in a positive outcome for the industry at large and financial institutions that operate across the GCC."
The Capital Markets Forum 2007 is being organized by the Saudi Law Training Centre, the Gulf Research Center (GRC), and the Abu Dhabi Securities Market. Representatives of the International Monetary Fund (IMF) will attend the forum and will present case studies on the management of IPOs.
NCB is considered to be the Kingdom's most trusted and forward-looking investment partner with almost three decades of experience going back to 1979 when it became the first Saudi bank to develop and launch mutual funds for its customers.
Recently NCB has received more than 15 prestigious banking industry awards to add to its numerous collection. Conclusive recognition of NCB's superior investment services came when Standard & Poor’s Fund Services, the world's leading provider of independent fund information, ratings and research, ranked the National Commercial Bank's Saudi Trading Equity Fund as the top performing equity fund across the globe during June 2006.
