The Saudi EXIM Bank recently hosted a meeting for the Global Association of Risk Professionals (GARP) to explore best practices in managing financial risks within international operations.
This event aimed to foster collaboration and share expertise among top experts and decision-makers. A key session addressed risk management trends and challenges in Saudi Arabia, featuring insights from Saudi EXIM Bank Chief Risk Officer Suhaib Al-Hosainy, Ehata Financial Co-Managing Partner Muadh Alhusaini, Jadwa Investment Head of Investment Advisory Ghanem Al-Ghanem, and Saudi EXIM Bank Director of Credit Risk Shahbaz Syed.
Al-Hosainy highlighted Saudi Arabia’s commitment to robust risk management policies and adherence to the latest regulatory standards. He noted that Saudi EXIM Bank’s risk mitigation solutions enhance the capabilities of banks and companies in the Kingdom, particularly for mutual requests.
He also praised the growth of Saudi Arabia’s debt and capital markets, a significant achievement of the Financial Sector Development Program. The issuance of sovereign bonds and sukuk, along with the corporate sukuk market’s expansion, has advanced risk management practices, especially in dealing with interest rate, credit, and liquidity risks. However, he stressed the need for advanced tools to manage these evolving risks as the market becomes more globally integrated.
GARP, a prominent global organization, is dedicated to promoting education, research, and best practices in risk management to advance the profession.