Since Saudi Arabia opened its doors for foreign investors in 2015, HSBC has emerged as the largest custodian in the country.
Landmark inclusion for Saudi Arabia in MSCI index as Deutsche Bank’s chief country officer says it’s a “major milestone” for the entire Middle East.
Saudi Arabia may have been more widely discussed by investors in recent years, but Kuwait’s reforms are beginning to draw attention.
Saudi Arabia opened its doors to foreign investors three years ago and has been touted as the next up and coming market.
The Saudi Arabian Stock Exchange has formally moved from a T+3 to T+2 settlement cycle for listed securities.
Apex Fund Services and Albilad Capital will jointly provide administration services to funds in Saudi Arabia.