Expectations growing for Saudi Arabia bourse to open to foreigners | Business , Middle East | THE DAILY STAR:
"A long-awaited opening of Saudi Arabia’s stock market to direct foreign investment appears near, industry executives and fund managers say – a reform that could give equity investment in the Gulf its biggest boost for years.
Hopes have been raised and dashed several times over the last few years. While the Saudi government has long considered the reform and has been making technical preparations, it has never set a date for opening the market.
Authorities are believed to worry about destabilizing the market with fresh inflows of funds. Also, letting foreigners buy more stocks could be politically sensitive, if the foreigners are perceived to be obtaining Saudi assets at bargain prices."
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