RIYADH: Saudi Arabia's local-currency debt market is set for increased foreign investment with its riyal-denominated government sukuk set to join the JPMorgan Government Bond Index-Emerging Markets in 2027. According to Fitch Ratings, the inclusion follows the Kingdom’s efforts to build a domestic yield curve, improve local-market liquidity and reduce reliance on foreign-currency funding. The inclusion reflects the Kingdom’s ongoing efforts under the Financial Sector Development Program, a Saudi

Source: Arab News