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Saudi opens exchange to foreign investors
- Saudi Arabia: Thursday, August 21 - 2008 at 07:39
Saudi Arabia is now allowing foreigners to buy shares listed on its stock market through licensed intermediaries, reported Reuters. Shares must be purchased through certain licensed Saudi investors, who would be the legal owners of the shares. Potential foreign investors would be entitled to returns related to their share purchases and must take on all of the economic exposure.
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Jeff Florian, Senior ReporterThursday, August 21 - 2008 at 07:39 UAE local time (GMT+4)
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