The Week Ahead - Regional Markets
As the 2Q 2022 earnings season winds up, the focus will likely shift to global macro factors, like this week's economic policy summit in Jackson Hole, where US Fed officials could give a clue about future interest rate hikes. US-Iran talks will also be on the radar, with news reports suggesting the two sides are nearing a deal after months of negotiations. This week, Jabal Omar Development's shareholders will consider approving increasing share capital by ~SAR2 billion. In addition, Aamal will seek shareholders' approval for increasing its foreign ownership limit to 100% from 49%.
