Saudi Stocks Draw Foreign Funds Ahead of Aramco IPO

摘要

Saudi Arabia’s stock market is attracting interest from foreign investors, with a total inflow of $18 billion into Saudi stocks so far this year, thanks to their inclusion in the MSCI Emerging Markets Index, according to the Washington-based Institute of International Finance (IIF). Foreign investors’ interest in ownership of Saudi stocks is an encouraging signal for the kingdom, which recently revived plans to offer investors shares in state oil giant Saudi Aramco, in what is expected to become the world’s biggest initial public offering (IPO).