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April 2009

Saudi Arabia: Out of the gloom


Saudi debt markets are set for a resilient year, with the promise of more to come.


The mood in Saudi Arabia is fearful. The stock market has crashed for the second time in two years. It has fallen to five-year lows and this time the big investors have been hurt. Oil prices have collapsed, along with petrochemicals prices.

But there is good news. Bankers and lawyers in Saudi Arabia have told Euromoney of at least four new local-currency bond or sukuk issuances in the pipeline.


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