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...