Saudi market reforms invite access to oil growth | GulfNews.com:
"Saudi Arabia’s decision to open up its stock market to foreign investors should direct further inflows into the region’s biggest and most active stock market next year, helping propel the kingdom further down a path of economic reform.
The long-anticipated move has set regional fund managers abuzz with excitement about gaining direct access to the Middle East’s largest economy, underpinned by large hydrocarbon resources and the Gulf states’ largest population.
Mohammad Al Tuwaijri, the Saudi chief executive of HSBC in the Middle East and North Africa, describes the move as “one of the most important moments in the history of Saudi financial markets.”"
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