VOL. XXXVII
NO. 27
4-APRIL-1994
Financial and Banking News
Regional Financing
SAMA Asks Banks Not To Sell Shares Used As Collateral
The Saudi Arabian Monetary Agency (SAMA) last week asked banks to refrainfrom selling shares they were holding as collateral against overdue loans, in abid to arrest the wave of selling that has depressed the local stock market.Some observers attribute the decline in the stock market by over 10% since thebeginning of 1994 to unease about the economy in general rather...
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