Saudi Aramco has listed shares on the Saudi Stock Exchange (Tadawul) in the world’s biggest-ever initial public offering (IPO). Shares began trading on December 11, and Saudi Aramco’s stock rose by 10%, the Tadawul’s daily limit.
Saudi Arabia
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The pharmaceutical industry in Saudi Arabia is set to expand significantly amid government efforts to roll out broad-based reforms to the health care system.
Economic update | What are the likely outcomes of Saudi Arabia’s overseas investment drive?
2 Aug 2019
Saudi Arabia has rapidly been increasing its business footprint overseas, last year tripling its foreign direct investment (FDI) outflows.
International access to Saudi equities continues to grow on the back of reforms to capital markets and the recent inclusion of dozens of stocks in an influential emerging markets index.
Rising energy demand and a commitment to divert hydrocarbons to processing and export has incentivised a shift toward renewables in Saudi Arabia, with the Kingdom set to become the region’s largest market for wind energy components and services.
Changing labour market trends, in part a result of efforts to boost the number of domestic citizens in the workforce, are shifting Saudi Arabia’s economy and the retail sector in particular.