Here's One Part of Saudi Stock Market Thriving Despite Low Oil - Bloomberg Business

Here's One Part of Saudi Stock Market Thriving Despite Low Oil - Bloomberg Business:

"For all the pain low oil prices are causing Saudi Arabia’s financial markets, at least one area is flourishing.
The number of active initial public offering-focused funds in the kingdom more than doubled in 2015, as investors respond to the nation’s efforts to develop its capital markets and boost participation from institutions. The funds managed more than 4.9 billion riyals ($1.3 billion) as of Wednesday, compared with almost 2 billion riyals at the end of last year."



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