The new HSBC building in Riyadh significantly contributes to the King Abdullah Financial District (KAFD) in several ways:

Enhancing the Business Ecosystem

• Strategic Relocation: HSBC Saudi Arabia’s move to KAFD strengthens the district’s position as a vital business powerhouse in Saudi Arabia.

• Attracting Global Talent: With over 300 investment banking and capital markets professionals based in Riyadh, HSBC’s presence will contribute to the concentration of financial expertise in KAFD.

Supporting Economic Growth

• Aligning with Vision 2030: HSBC’s relocation aligns with Saudi Vision 2030, supporting KAFD’s evolution into a full-fledged destination that merges business and lifestyle in a digitally integrated and sustainable ecosystem.

• Driving Innovation: The strategic relocation is expected to drive further growth and innovation, reinforcing the Kingdom’s position as a leading financial hub.

Expanding KAFD’s International Presence

• Global Financial Institution: As a leading international investment bank, HSBC’s presence enhances KAFD’s profile as a global financial center.

• Attracting More Multinationals: HSBC joins other multinational companies like Pfizer, Bupa, and Arthur D Little, potentially attracting more international firms to the district.

Contributing to Saudi Arabia’s Financial Sector

• Long-term Commitment: The long-term lease agreement demonstrates HSBC’s commitment to Saudi Arabia’s financial sector development.

• Supporting Market Growth: HSBC Saudi Arabia has been instrumental in facilitating foreign institutional investment in the Kingdom’s financial markets.

By establishing its regional headquarters in KAFD, HSBC contributes to the district’s goal of becoming a premier financial center, supporting Saudi Arabia’s economic diversification efforts and attracting foreign direct investment.