Browse
related articles
Commenting on the transaction, Dr Fahad Almubarak, Chairman of MSSA, said,
"This transaction marks an historic milestone for Saudi Arabia, as it is the first time foreign investors are able to have access to companies listed on the Tadawul. Morgan Stanley Saudi Arabia is very pleased to be the first to successfully execute a Swap transaction on behalf of its client, highlighting our efforts to continually drive innovation in the Saudi market."
Craig Niven, a Managing Director at Morgan Stanley, said, "The CMA's move to enable foreign investors to indirectly access Saudi Arabian stocks is an extremely welcome move. Interest from international investors in the GCC's biggest capital market is very high, and we expect to see a lot more interest in these swap transactions from investors around the world."
In 2007, Morgan Stanley Saudi Arabia was the first investment bank to introduce the bookbuilding process to initial public offers (IPOs) in Saudi Arabia when it was the first investment bank to develop a compensation mechanism for non-subscribing shareholders of Saudi rights issues.
Digg
Facebook
LinkedIn
Twitter
Posted by Anne-Birte Stensgaard, Senior News Editor
It looks like you are using a Mac - check out our 
Web Feeds