The Saudi king is sick, and markets are watching

Saudi Arabia - Photo by Keepscases

The Saudi stock market fell after King Abdullah bin Abdulaziz Al Saud was hospitalized Wednesday, but any succession for the throne would likely be smooth for the country.

The Saudi royal family announced in March that 79-year-old Crown Prince Salman would succeed the king, and experts said those plans have eased most concerns about an impending transition. In fact, Saudi watchers told CNBC that the country’s oil, domestic and geopolitical policies should remain virtually unchanged when Salman takes over.

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