Capital Markets
From The Report: Saudi Arabia 2014
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As the largest and most liquid bourse in the MENA region, the Saudi Stock Exchange accounts for around 50% of the GCC equity market. Increasing investor appetite, sustained earnings growth by Saudi companies and the relatively robust nature of the Kingdom’s economy make for a positive outlook for the exchange. Although still at a relatively early stage of development, the bourse has begun to expand from its initial role as a single-product equities market to introduce a wider array of financial instruments. Increased use of technology and moves to open up to foreign investors look set to boost the market over the coming months and years.

This chapter contains interviews with Adel Al Ghamdi, CEO, Saudi Stock Exchange, and Jamal Al Kishi, CEO, Deutsche Securities Saudi Arabia. Share analysis & data is provided by Deutsche Securities Saudi Arabia.

Articles from this Chapter

Interview

Adel Al Ghamdi, CEO, Saudi Stock Exchange: Interivew
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How can a mature market be created that is research-based rather than rumour-driven? ADEL AL GHAMDI: Individual investors currently account for around 90% of monthly trading value, but their ownership in the stock market only represents roughly 35% of capitalisation as of December 2013. The remaining 65% is owned by institutional investors in the form of government-related entities, corporates and collective investment schemes. These figures suggest that the Saudi equity market is largely held by…

Interview

OBG talks to Jamal Al Kishi, CEO, Deutsche Securities Saudi Arabia
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MSCI recently upgraded Qatar and the UAE to emerging market status. What effect is this likely to have on Saudi markets? AL KISHI: There is no doubt that the MSCI upgrade of the UAE and Qatar markets will have a positive effect on the wider region, including Saudi Arabia, as it will increase awareness of regional markets amongst foreign institutional investors. However, the impact on Saudi Arabia will likely not be massive or immediate. Joining the MSCI indices attracts higher foreign investment…