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Thursday, 12 January 2017

Saudi Exchange CEO Is in Full Pursuit of Emerging-Market Prize - Bloomberg

Saudi Exchange CEO Is in Full Pursuit of Emerging-Market Prize - Bloomberg:
"Saudi Arabia’s stock exchange is making a determined bid to win emerging-market status in 2017, a designation likely to trigger billions of dollars in investor inflows.

The Tadawul, as the biggest bourse in the Middle East is known, is working with international index compilers to effect the changes they need, Chief Executive Officer Khalid Al Hussan said in in an interview in Riyadh Wednesday. Joining neighbors United Arab Emirates and Qatar in the emerging-market stable could unleash $11 billion of investment in the Saudi market, according to calculations by the research division of EFG-Hermes, the biggest publicly traded Arab investment bank."

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