Background to GBSA’s Creation
It is widely recognized that existence of a deep and liquid bond market – both conventional and Shariah compliant – is essential to the financial stability, development and economic diversification of the Arabian Gulf region.
Beginning in 2008 a series of roundtables brought together representatives from a broad spectrum of the regional financial sector to consider how to improve this vitally important segment of the economic landscape. Numerous issues and potential initiatives were raised and discussed. The participants agreed that their efforts should be sustained and coordinated and that the way to achieve this effect would be through creation of a dedicated trade association.
Recent events emphatically confirm the wisdom in deepening and widening the regional market so as to diversify the sources of capital available for business and government.
