McLagan Alert: What's Next for Saudi Arabia’s Capital Markets?

The Kingdom of Saudi Arabia recently announced a grand economic vision to take the economy to 2030, diversifying the area’s reliance on oil. The announcement that Saudi Arabia could debut on the international debt market with a $15bn bond sale as early as July this year is a sure sign that change is coming quickly. This reflects a willingness to push ahead with real change and diversification away from oil based revenue. International banks are already lining up to reengage and snap up market share from local banks.

Arguably, one of the principal areas of focus over the next few years will be the performance of the Brokerage and Investment houses regulated by the CMA. However, for now, firms have to navigate the present and there is certainly significant variance in performance across the industry.

In this white paper we will provide a lens into the issues that firms should be monitoring and reviewing in the current environment, with the hope that a golden period is just around the corner.

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