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  • Is now the right time to invest in Saudi Arabia? Hedge Fund Mayar Capital's Alnaim says "the answer is yes."

Is now the right time to invest in Saudi Arabia? Hedge Fund Mayar Capital's Alnaim says "the answer is yes."

Plus, a new "report card" on Saudi Arabia's transformation from the IMF, and so much more.

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Lucien and Hanaa
July 09, 2024

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London-based hedge fund Mayar Capital spent years evaluating the Saudi market while investing successfully in equities globally. But the market didn't present enough opportunities for Mayar to build a strategy around, Abdulaziz Alnaim, Managing Director of Mayar Capital, told Hanaa and Lucien on Episode 17 of The TWENTY30 Podcast. [Apple Podcasts] [Spotify]

The launch of Vision 2030 and its far-reaching transformation, reforms, and opening up of the Saudi markets changed that, and created a "fundamental shift" in the fund's view on opportunities in SaudiArabia, and now Mayar has launched a Saudi fund and is actively eying opportunities in the Kingdom.

Episode 17: Abdulaziz Alnaim, Managing Director of Mayar Capital, talks value investing, reforms, and the rise of the Saudi market on Apple Podcasts

Jul 1, 2024 - Saudi Arabia is increasingly becoming one of the more attractive up-and-coming markets for international investors.

podcasts.apple.com/us/podcast/abdulaziz-alnaim-managing-director-of-mayar-capital/id1742574206?i=1000660871887

Alnaim, a seasoned global investor and managing director of Mayar Capital, joins The TWENTY30 Podcast to discuss his journey from hobbyist investor to the management of the hedge fund that is now eying opportunities in the Saudi market. Alnaim discusses the significant changes in the Saudi market, driven by Vision 2030, and the emergence of new business opportunities.

Alnaim also highlights the importance of governance and legal reforms in the changes happening in Saudi Arabia. As a board member of several prominent Saudi financial organizations, Abdulaziz shares his perspective on the evolving ecosystem in Saudi Arabia and the opportunities it presents for long-term investment.

A new report card on Saudi Arabia’s transformation — from the IMF

Saudi Arabia's transformation is full speed ahead. So how is it going so far?

‎Episode 18: A report card on Saudi Arabia's transformation

Jul 7, 2024 - Here’s what the IMF says on Saudi Arabia’s transformation. Plus - a discussion of some of the latest news on Saudi Arabia.

podcasts.apple.com/us/podcast/a-report-card-on-saudi-arabias-transformation/id1742574206?i=1000661497733

The latest IMF report on Saudi Arabia ("Saudi Arabia: Concluding Statement of the 2024 Article IV Mission") is, in some ways, a report card on Saudi Arabia's reforms and the changes happening to the Kingdom's economy. Successes in non-oil growth, employment, inflation control, and financial sector stability top the performance report for the IMF. 

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Saudi Arabia’s “unprecedented economic transformation is progressing well” because of “prudent macroeconomic policies.”

-The IMF. ("Saudi Arabia: Concluding Statement of the 2024 Article IV Mission")

The IMF notes that Saudi Arabia’s "unprecedented economic transformation is progressing well. Prudent macroeconomic policies, transformative changes—including through fiscal reforms and in the regulatory business environment—and strong domestic demand have helped prop up non-oil growth. Inflation remains contained. Spending reprioritization and recalibration of major spending programs are ongoing. Efforts to diversify the economy have started to bear fruit."

Lucien and Hanaa discuss the report and some of the recommendations from the IMF. 

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