Capital markets reforms prefigure wider change

Legislation is pending that should liberalize Saudi Arabia’s capital markets and attract foreign investment and returning Saudi capital. The extent of these reforms will show how far the country’s leaders intend to open up an economy that needs capital investment and job creation.

       
Riyadh: despite a booming economy, the
country must invest in energy and infrastructure

The Riyadh branch of Saudi British Bank, located in its headquarters building, is a hive of activity at 4.30 in the afternoon even at the height of summer when many Saudis are away on holiday. The busiest section is the dealing room, where shares are bought and sold online – there are more players in one branch of one bank than are often on the trading floor of most Gulf stock exchanges.

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