Wednesday 23 January 2019

#SaudiArabia could get $50bn inflow windfall says CMA chief

Saudi Arabia could get $50bn inflow windfall says CMA chief:

Saudi Arabia could attract inflows of as much as $50 billion according to the Kingdom’s markets chief.

Mohammed bin Abdullah Al-Quweiz, the president of Saudi Capital Market Authority, said he expected inflows of around $30-$50 billion because of the recent upgrade in emerging market indices.

He made the prediction in an interview with Al Arabiya on the sidelines of the World Economic Forum in Davos.

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