Investors monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016. REUTERS/Faisal Al Nasser
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)
Saudi Arabia's stock exchange is making a determined bid to win emerging-market status in 2017, a designation likely to trigger billions of dollars in investor inflows.The Tadawul, as the biggest bourse in the Middle East is known, is working with international index compilers to effect the changes they need, Chief Executive Officer Khalid al-Hussan said in in an interview in Riyadh Wednesday. Joining neighbors United Arab Emirates and Qatar in the emerging-market stable could unleash $11 billion of investment in the Saudi market, according to calculations by the research division of EFG-Hermes, the biggest publicly traded Arab investment bank.The exchange said this week it would move to a T+2 settlement cycle in the second quarter, one day after it introduced a new industry classification system for stocks
FOLLOW THIS ARTICLE