VOL. XLIII
No. 24
12-June-2000
SAUDI ARABIA
Saudi Mutual Funds Rise By 68% In 1999 Creating New Challenges And Opportunities
In the past two years, the value of Saudi Arabian mutual funds offered by domestic banks rose by 68%, suggesting both a greater sophistication on the part of the local investor, increased awareness of the opportunity cost of money and a growing appetite for risk. The development also reflects the increased product range of domestic banks. In 1999, according to the 19 May...
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