2024-05-24 14:28:20 ET
Summary
- Saudi Arabia is launching an entrepreneurial ecosystem for non-oil industries, diversifying its economy away from energy.
- The iShares MSCI Saudi Arabia ETF provides retail investors with exposure to the Saudi market and its economic transformation.
- The top holdings of the KSA ETF include major financial institutions and Saudi Arabian Oil, reflecting the country's dominance in the financial and energy sectors.
The Kingdom of Saudi Arabia, once a one-trick energy pony, is in the midst of a meaningful economic reinvention. The Middle East powerhouse is launching an entrepreneurial ecosystem for non-oil industries. And that, long term, is bullish for the economy as the country diversifies away from energy at the margin. That's one reason why I like the iShares MSCI Saudi Arabia ETF (KSA)....
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For further details see:
KSA: A Story Bigger Than Oil