Middle East - The Reform and Index Upgrade Story

On 1st December 2017 we wrote a thought piece entitled “Is this the Riyal Deal?” on the potential for a sustained market friendly reform process in Saudi Arabia following the clarification of political secession and the subsequent announcements of the Saudi Vision 2030 and the National Transformation Plan. The stated goal of these changes was to reduce the Saudi economy’s reliance on oil by enabling the non-oil economy to grow through reforms to the economic and social structures within the country. Needless to say we were very optimistic at the end of 2017 and the subsequent stock market performance numbers have justified our optimism so far.

Click on the link below to read the full commentary.