Saudi Markets See Increasing Foreign Interest As Authorities Prioritize Stability Through Regulation
• Saudi capital market seen as very attractive by global investors; authorities pushing for more regulation to boost confidence and stability • CMA prioritizing enabling regulations over deregulation to build confidence and attract foreign inflows • CMA efforts have led to over $18B in IPO subscriptions from international investors • Growing Saudi debt market, asset management industry, and supporting businesses among CMA's top priorities • Strong investor demand has led to first day pops of 40% and 70% in a month for recent IPOs; fragility if cycle breaks needs to be monitored