(MENAFN) Saudi Arabia may attract tens of billions of dollars in global investments in the Arab world"s major stock market if it's added to MSCI Inc.'s emerging markets index.
Accordingly, it will top USD35bn of inflows, while the globe's largest oil exporter permitted qualified institutional investors from outside Gulf States to trade the kingdom"s stocks from June 2015.
Recently, this year it moved to T+2 settlement cycle as part of a drive to spread its USD640bn economy away from oil.
The kingdom has moved so fast since it proclaimed its reform plans that it is too ambitious to predict foreign institutional investors to have the time to make a proper assessment.
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