Deutsche expects measures will be taken to open up the Saudi stock market to foreign investors.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Companies in Saudi Arabia will favor local debt markets over international bond issues to meet their financing requirements in 2014 as high liquidity keeps funding costs down, a top executive at Deutsche Bank said.With interest rates on international markets expected to rise from historic lows as the U.S. Federal Reserve begins to wind down its quantitative easing program in 2014, the insulated Saudi market and its low borrowing costs are expected to remain attractive to the kingdom's issuers.Deutsche competes with HSBC and J.P. Morgan Chase Inc in arranging and advising companies and state-owned entities on their capital market needs in the kingdom.A number of banks, including Saudi Hollandi Bank and Saudi British Bank, have also sold sukuk in the local market to improve their reserves after a period of loan growth.
FOLLOW THIS ARTICLE