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Tasi rises in transparency rule
- Saudi Arabia: Sunday, August 17 - 2008 at 09:25
Saudi Arabia's stock market rose as Tasi began naming investors holding 5% stakes or more in order to boost transparency on the largest Arab bourse, Arab News has reported. The Tasi surged 1.75%, which closed at 8,331.63 points. Meanwhile, Saudi tycoon Prince Al Waleed Bin Talal Bin Abdul Aziz is named as the top shareholder with the market value of his shares amounting to about SR47.4bn, Gulf News has reported.
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Medilyn Manibo, Assistant News EditorSunday, August 17 - 2008 at 09:25 UAE local time (GMT+4)
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