VOL. XLI

No. 22

1-June-1998

SAUDI ARABIA

Arab Bond Market Will Grow To $500Bn By 2000

Dr. Henry Azzam, chief economist at Saudi Arabia's National Commercial Bank (NCB) toldbankers at the Third Arab Capital Markets Conference held in Beirut in early May that theArab bond market is expected to grow to $500bn in total issues from the current $130bn bythe turn of the century. Many of the issues are expected to come from corporate issuers.Dr. Azzam told the conference that among the immediate...