VOL. XLV

No 48

2-December-2002

SAUDI ARABIA

Value Of International Brokerage Services By Saudi Banks Continues To Decline, Says NCB

The value of international brokerage services undertaken through banks in Saudi Arabia has continued to drop in 2002 as a result of the move by local investors towards holding local stocks, property and cash rather than stocks on volatile US and international markets, according to a report published by the Economics Department of National Commercial Bank (NCB). The...