Executive Summary
The government is a dominant player in the GCC region and hence is a major stakeholder in local markets. A government owned enterprise/entity is a firm that is either 100% owned by the government or is significantly owned by the government. Back in April 2008, we researched the reach of Government Owned Entities (GOE's) in the stock market. Back then, they accounted for 27% of the stock market holding (as measured by market capitalization) valued at $300b. A recent visit to the issue point out that they now hold more or less the same share (29%) though their value has come down significantly to $182b.
