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Saudi stock exchange welcomes foreign investors
Philadelphia News.Net
Wednesday 20th August, 2008
Saudi market authorities have approved a new law that will allow non-resident foreign investors to invest in Saudi Arabia's stock exchange.
Under the new law passed by the board of the Capital Market Authority (CMA), foreign investors, whether individuals or institutional, can enter into 'swap agreements' with authorized persons or Saudi nationals who will own the shares.
These authorized persons can then pass on the profits, if any, to the foreign investors while retaining legal ownership of the shares listed on the Saudi stock exchange, Tadawul, officials explained.
Till now foreigners were not allowed to invest in Saudi stock markets.
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Anonymous
08-21-08, 12:23 PM |
Saudi stock exchange welcomes foreign investors
Hopefully the 2009 JOHN McCAIN administration in White House will expand US Federal Reserve to pawn our US Gold Bars to make pure yellow US-GOLD-US-minted “Muslim Gold Dinar” to trade in Saudi stock exchange center; the major distributor will be Malaysia’s Muslim Securities Exchange center. Let the US knows if Muslims interested in more valuable expensive Platinum minted “Muslim Platinum Dinar”, the 2009 McCAIN administration (JACK KEMP) will make it available.
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