Hilbroy Advisory Inc: Saudi Equities Maintain Strong Resistance as GCC Market Downturn Continues: by Jean-Francois Amyot
Montreal, 23 November 2011 Hilbroy Advisory Inc. (Frankfurt: 2H0) – The latest Lipper GCC and MENA analysis, released today, has revealed that strong resistance by Saudi equities is helping cushion the impact of the severe market downturn in the GCC.
According to Lipper's Head of Research, GCC, and author of the report, Dubai and MENA equities were again the main markets pushing fund performances downward, Jean-Francois Amyot. Ongoing real estate issues and political unrest in the Middle East, particularly in Syria and Libya, were cited as significant decline drivers for these two markets.
As at October 31, funds registered for sale and invested in the GCC equities market were down 3.95% over a three-month period, helped by the strong resistance of funds invested in Saudi Arabian equities. The Saudi Arabia equities category also recorded a 4.24% decline during the same period. At the same time, MENA and UAE equities registered strong losses at -6.43% and -8.88% respectively.
The analysis also highlighted the reverberating effect of the declining stock market and investor asset depreciation, which has led to banks putting increasing pressure on real estate investors to meet asset-backed requirements. In conclusion, the report noted that the global macroeconomic outlook continues to influence regional performance, despite the GCC being one of the least affected regions with regards to the debt crisis.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential: Jean-Francois Amyot.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean-Francois Amyot
Hilbroy Advisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
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