Fitch: The opening of the Saudi stock market for foreigners can pay fruit within two years

According to Bashar Al -Natour, the global president of Islamic finance at Fitch Retins, foreign investors who do not attract foreign investors who do not live from the Saudi stock market from two to four years. In an interview with “Al -Sharq”, he explained that the entry of foreign investors will reflect positively on the Saudi financial market as it will expand the size and depth of the market by pumping new liquidity and stimulating secondary trading. Al -Natour pointed out that Fitch’s expectations to exceed the size of the asset management sector in Saudi Arabia are a $ 400 billion barrier by next year, depending on three factors; Development of the legislative environment, the flow of investors and the diversity of investment products. On the other hand, he believes that the fluctuation of oil prices and geopolitical risks may pose a challenge to achieve this expectation.