Advert One, Saudi Arabia's leading IPO communications consultancy, and Instinctif Partners, a leading international business communications consultancy, have confirmed a strategic partnership to deliver financial and corporate communications services in the Kingdom of Saudi Arabia.
With a combined team of 24 GCC-based consultants, the partnership will address a gap in capital markets communications by employing Advert One's deep local IPO expertise alongside Instinctif's well-established international capital markets communications record.
Signing the partnership, Shawaf Alshawaf, General Manager of Shawaf International Company, parent company of Advert One, said:
"This partnership is strategically important for Advert One and Instinctif Partners, as our two companies combine their extensive local, regional and international knowledge of capital market communications, investor relations and corporate reporting to deliver a more complete suite or consultancy services to new and existing clients in the Kingdom. We are bullish on the prospects that exist for what we expect will be a fruitful collaboration, and our respective teams are greatly looking forward to working together."
The partnership's vision is to change the way organizations engage with investors and key stakeholders, and to support Saudi corporates and issuers in growing the sophistication of their local, regional and international communications, to facilitate easier access to global capital markets.
Samantha Bartel, Managing Partner at Instinctif Partners MENA, commented:
"We have established a strong working relationship with Advert One through a number of client assignments, and a formal partnership in the Kingdom is the obvious next step in establishing a financial communication offering that meets the requirements of current and potential issuers in Saudi Arabia. Clients will benefit from Instinctif's global and regional expertise, coupled with Advert One's unrivalled experience and network inSaudi Arabia. The timing is also exciting, given the robust pipeline of transactions slated for 2019 and 2020, so we look forward to taking full advantage of the opportunities available to us."
Both companies have identified opportunities that exist for Saudi businesses to form strategic relationships with regional and international partners. The partnership will enable both teams to deliver IR and PR support that will tangibly improve communication between corporates and their investors, contributing to improving trust in the local capital market.