EFG-Hermes offers access to Saudi market
- Saudi Arabia: Thursday, September 25 - 2008 at 14:33
EFG-Hermes Securities Brokerage has announced that it now offers its foreign institutional investors access to the Saudi Arabian market through its recently launched Abwab product. In line with the change in regulation from the Capital Market Authority (CMA), the investment bank has been granted permission to provide non-resident foreign investors with the ability to purchase Saudi Arabian equities through trade swap arrangements, according to a statement.
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Jeff Florian, Senior Reporter



