VOL. XXXVIII
NO. 22
27-FEBRUARY-1995
Financial and Banking News
Capital Markets
Saudi Arabia Considers Allowing Foreigners To Invest In Local Equity Funds
The Saudi Arabian Monetary Agency (SAMA), the country's central bank, isconsidering a proposal to allow non-Saudis to invest in local stocks by buyingshares in local mutual funds. The strongest advocates of the proposal are thecountry's banks, who manage the local mutual funds and who would therefore standto earn money from increased brokerage...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!