GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap4,019 -0.10
Med Cap3,848 -0.05
Small Cap4,895 -0.24
Micro Cap8,498 -0.25

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Ticker Price Volume
GFH 0.5 1,361,733
BKSB 0.14 70,617
DANA 0.62 13,288,208
DAMAC 3.85 372,716
DSI 0.39 34,049,322
ALINMA 16.47 22,194,374
SABIC 98.09 2,208,800

Saudi Arabia Economic Overview

Source: Global Investment House

Expected to Stand Firm

Saudi Arabia’s economic performance has been exceptional over the years, with nominal GDP rising to SR .7trillion in 2008. The real GDP growth exceeded 3. % in the last two years, expected to reach 4.2% in 2008.
The Kingdom with more than 20% of the world’s oil reserves, remains committed to the economic diversification activity in the country.
The growth outlook for the Saudi Arabian economy looks robust, with public & oil sectors investment program exceeding US$400bn over next 5years.
Oil revenues coupled with diversification benefits are likely to result in real GDP growth.
Saudi Arabia (KSA) as per International Finance Corporation -World Bank report on “Ease of Doing Business 2009” was ranked at no. 6 among countries globally, and no. in MENA region.
As per the standard of economic openness (foreign trade of goods & services to GDP), KSA during 990-2007 recorded an avg. economic openness degree of 7 .9% vs. 23.8% in USA. KSA’s inward FDI flows of US$24.3bn in 2007 recorded an annual increase of 33%, and FDI to GDP ratio of 6.4%. Non-oil sector GDP growth of 4.5%, while the oil sector GDP increased by 8.0% in 2007.


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