NCB Capital publishes update to market leading Saudi Factbook

It also details each of the 15 sectors comprising the sector indices in the market.

As in previous years, the Factbook highlights the attractiveness of the Saudi market for local and international investors and sets out an optimistic outlook for the Kingdom.

Commenting on the background to this year's Factbook, Farouk Miah, Head of Equity Research at NCB Capital, said, "The economy of Saudi Arabia remains in an envious position with strong GDP growth, low debt levels and government spending on infrastructure projects supporting a positive outlook. Through a combination of strong economic outlook and earnings growth, we believe the fundamental outlook for the TASI remains favorable."

NCB Capital's Saudi Factbook has become firmly established as an indispensible work of reference and a trusted guide for investors in the Saudi market, keenly anticipated as the culmination of each year's output of monthly reports that consistently position NCB Capital's Equity Research team as the most informative and authoritative resource covering the Saudi market.

NCB Capital's role as a trusted advisor to clients is consistently recognized by its Equity Research team's repeated success in winning Research awards in the annual Euromoney for three years in a row, 2010, 2011 and 2012.