Middle East Economic Survey

VOL. XLVII

No 42

18-October-2004

CAPITAL MARKETS

Volatility Hits Saudi Stock Market Following Ettihad Etisalat IPO Uncertainty

Volatility hit the Saudi stock market in the week ending 11 October as uncertainty over the timing of the forthcoming initial public offering (IPO) of a 20% share in the Ettihad Etisalat consortium led to confusion among investors (MEES, 11 October). Saudi Arabias Trade and Commerce Ministry had indicated that the IPO might be postponed because...