The Saudi Stock Exchange (Tadawul) will host a workshop for listed Saudi companies at its headquarters in Riyadh on November 22, which covers crisis preparedness and its impact on shareholder value.

It will be presented by Robert McAllister, global crisis management expert at Instinctif Partners; a leading international business communications consultancy, with the support of the Middle East Investor Relations Association (Meira), and the Saudi Chapter.

Mohammed Al Rumaih, chief of Sales & Marketing at Tadawul, said:  “Driving forward IR capabilities in the Kingdom is crucial to diversify our economy. In this context, we are committed to continuing our IR awareness efforts through holding a series of IR workshops across Saudi listed companies.”

“Through such workshops, we aim to further promote transparency in the Saudi market, fostering a culture of improved corporate governance and effective communication between listed companies, the exchange, regulators, advisers and all market members in the Saudi Capital Market,” Al Rumaih added.

Samantha Bartel Al Khalaf, managing partner, Instinctif Partners Middle East, said:  “When a crisis hits a business, whether a natural disaster, an operational issue or a major governance problem, it can directly impact shareholder value. Our workshop will examine how businesses that are prepared for a crisis, and which react quickly and effectively, recover their shareholder value most efficiently.”

“The net result of improved crisis preparedness and response will be an institutionally stronger group of leading listed corporates, which will directly support the diversification and growth of Saudi Arabia’s economy,” concluded Bartel Al Khalaf.

Alex MacDonald-Vitale, Meira chairman, said:"Following the inauguration of Meira’s Saudi Chapter in April 2017, we are delighted to start offering our members specialist events of interest and relevance to their professional needs. This workshop will deliver some of the key tools required for handling a crisis, from PR and communications to internal governance, risk management and cultural awareness, all designed to help delegates develop a dynamic and resilient response.”

Under the Saudi Chapter, the special series of Investor Relations (IR) workshops have been designed to resonate with Saudi Vision 2030, and will act as a knowledge hub where IR professionals can come together to network and learn from international leaders in crisis preparedness. – TradeArabia News Service