Q&A: MSCI Talks on the Future of Saudi Arabia’s Stock Market - MoneyBeat - WSJ:
"With a market capitalization of more than half a trillion dollars, Saudi Arabia’s plan to allow foreigners direct access to its listed companies early next year has sparked strong international interest from investors.
After all, it’s the biggest economy in the region – with plans to spend hundreds of billions of dollars in the coming years to diversify away from its dependence on oil revenue. Investors would be hard pressed to come up with reasons not to partake in the potential growth it offers. Especially if the country is added by MSCI Inc. to its indexes, which are tracked by streams of global cash seeking returns.
Sebastien Lieblich, the Geneva-based executive director of index research at MSCI, tells The Wall Street Journal that the potential opening up of the market could lead to the creation of a Saudi Arabia index, and its potential inclusion in a major composite benchmark such as the emerging markets index. Here are some key excerpts."
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