Private Sector Disappoints: Recovery In 2011

BMI View: The public sector will continue to be the main driver of growth in 2010, with private sector financing having been very disappointing over the first half of the year. Eventually, however, the combination of low risk and high yield represented in some Saudi corporate bonds and sukuk should start to translate into stronger demand (possibly from abroad in the initial phases at least), which could stimulate new issuance.

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