2015 could prove to be a milestone year for Saudi’s equity markets | GulfNews.com:
"Saudi Arabia along with other Gulf Cooperation Council (GCC) markets could witness a flush of liquidity from foreign investors after the biggest economy in the region opens its $500 billion stock exchange later in the year.
Saudi Arabia, which contributes to 50 per cent of the GDP of Middle East and North Africa (Mena) and 50 per cent of market capitalisation of the region, is keen on removing impediments for foreign investors in one of the world’s most-restricted major stock exchanges as it pursues a $130 billion spending plan to boost non-energy industries. The opening up of stock market could boost inflows of up to $40 billion, industry participants say.
This move would come even as the world’s biggest exporter of oil budgeted a deficit of 145 billion Saudi riyals due to falling crude oil prices."
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