Three months after Saudi Arabia officially opened its stock exchange to foreign money, equity market activity is on the rise and there has been a surge in investor confidence since a year ago that the kingdom is set to enjoy a net inflow of capital.
They are being encouraged by the June 15 opening of the exchange - known as the Tadawul - as well as the fact that larger deals are happening on the market, according to the results of a survey by Invesco of investors in the region published on September 14.