VOL. XXXII

NO. 52

3-OCTOBER-1988

Financial and Banking News

REGIONAL BANKING

SAMA Allows Retail Investors to By Bonds

In a further step designed to broaden the appeal of its "developmentbonds", the Saudi Arabian Monetary Agency (SAMA) last week permitted itsfuture issues to be subscribed directly by retail investors in Saudi Arabia. Previously the bonds were only sold to commercial banks and financialinstitutions, although SAMA has already approved plans by the banks to repackagethe bonds and sell...