Saudi Arabia’s stock market has—in little less than half a decade—transformed itself by opening to international investors and instituting investor friendly reforms. But as it prepares to host the world’s biggest initial public offering, of Aramco, some foreign investors remain concerned about market transparency and how heavily the government intervenes in Saudi shares. The Tadawul, as the exchange is known, has roughly $500 billion in combined market capitalization of listed companies. It opened to direct foreign participation...

Source: Wall Street Journal October 17, 2019 13:30 UTC