First Saudi Ipo Conference Scheduled for November

Summary

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RIYADH, Saudi Arabia (HedgeWorld.com) - Gulf States are big on development these days as they invest increased profits from higher oil revenues to improve their infrastructure and nurture their young industries. And as petrodollars filter through to institutions and individuals, they are also being invested in the markets, local and international. In five years the region has seen a huge growth in the volume of shares traded and in the number of both institutional and retail investors getting involved in regional markets.

The effects of this growing interest are evident. In the past five years the Gulf region's main stock market indexes have outperformed the indexes of more developed markets by a very wide margin. This is in spite of a general and pronounced slump in the regional indexes since February this year.

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Extract

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First Saudi Ipo Conference Scheduled for November

The Kuwait index has risen more than 500% since the end of September 2001, moving from just over 1,600 to its current level of around 10,000 despite an almo...

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