MENA fund managers to raise #Saudi investments, maintain other holdings: Reuters poll - Reuters

MENA fund managers to raise Saudi investments, maintain other holdings: Reuters poll - Reuters:

Middle Eastern fund managers plan to increase investments in Saudi Arabia, while keeping exposure in the rest of the region at current levels, according to a Reuters poll.

Saudi Arabia’s share index .TASI is up almost 1% this year. It gained 7% in 2019 last year but lagged other Gulf markets including Kuwait and Dubai as investors sold off ahead of Saudi Aramco’s record initial public offering (IPO).

Aramco raised as much as $29.4 billion, propelling the Riyadh bourse into the world’s top ten by value of listed companies.

Five of nine managers polled said they would increase their investments in Saudi Arabia, anticipating favorable policy reforms and market opportunities.