l and social factors. A knowledge of the ways in which the privatization of SOEs in Saudi Arabia is affecting the development of the stock market in the country, however, will provide both private sector and public sector interests in the country with an enhanced understanding of how to guide both the privatization of SOEs program and the development of the stock market to facilitate the creation of optimal benefits for Saudi society.
While stock markets exist in several Middle Eastern countries, the developmental levels of these stock markets vary greatly from one another. Some of the markets are much more efficient than are others in generating the capital required by the economy and more effective in facilitating the creation of wealth.
A part of the variance among stock markets in the Middle East lies in the diffe
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