Saudi Arabia’s upgrade to emerging-market status by index provider FTSE Russell doesn’t come as a surprise to Bassel Khatoun, managing director, director of portfolio management, Frontier and MENA, and Salah Shamma, head of investment, MENA, at Franklin Templeton Emerging Markets Equity, who say the move is testament to the Kingdom’s ambitious capital market reform agenda. Here, they break down what that new status really entails and discuss what opportunities could be next, now that Saudi Arabia’s efforts at opening up capital markets have been recognized. READ MORE
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