Mobius Says Fear of What Saudis Might Do Next Deters Investors - Bloomberg

Mobius Says Fear of What Saudis Might Do Next Deters Investors - Bloomberg:

Saudi Arabia will find it hard to attract foreign money as the murder of columnist Jamal Khashoggi raises concerns about governance and other political risks, said Mark Mobius, a veteran investor in developing nations.

The 82-year-old, who set up Mobius Capital Partners LLP this year after three decades at Franklin Templeton Investments, said he’s concerned about Saudi Arabia’s governance and commitment to reforms. Foreign investors dumped a record amount of stocks in October as the kingdom insulated Crown Prince Mohammed bin Salman from Khashoggi’s killing in the Saudi consulate in Istanbul.

“If the leadership has questionable governance, how about the companies?” Mobius said in an interview in Dubai. “There are other things going on that are very risky.”