No Respite for Battered Saudi Stocks

The video discusses the significant slowdown in IPOs in 2016, marking the worst year since 2004. It highlights the impact of low oil prices on Saudi Arabia's economy and stock market, which has been the worst-performing in the Gulf Cooperation Council. Despite efforts to attract foreign investors, the market remains sluggish. The potential for a market rebound is linked to oil price improvements and the upcoming Aramco IPO, which could be the largest in history. Saudi Arabia is also working on developing an SME market to encourage more listings.

What is the significance of the impending Saudi Aramco IPO for the market?

What steps is Saudi Arabia taking to develop its SME market?