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Egypt's EFG Hermes expects luring $ 10 bn to Saudi Stock Exchange in 2019

Egypt's EFG Hermes expected the Saudi Stock Exchange (Tadawul)  to succeed in luring more than $ 10 billion during 2019, 20% of the funds to be pumped will go to emerging markets.

EFG Hermes Executive Chairman Karim Awad said on Monday that international markets have been undergoing through major changes since the beginning of 2018.

These changes coincided with investors' desire to overcome such intermittent tumult hazarding international markets, he expounded.

Emerging markets will be encouraging for investors in 2018  in view of accelerating economic growth as well as population growth rate, he said, referring to a potential inclusion of Saudi Arabia in the MSCI Emerging Markets Index.

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