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...