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Foreign investors ready for direct access to Saudi bourse

London

AS Saudi Arabia's US$500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia's.

Worth more than all other Gulf Arab markets combined, it is one of the last major global bourses to allow direct investment from foreigners and the opening is the most anticipated economic reform in the region in recent times.

The move is likely to start the process of incorporating Saudi Arabia into major equity indices by the likes of MSCI, and this could attract as much as US$24 billion in foreign capital, according to one estimate.

Foreigners will...

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