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Prince supports Saudi bourse
- Saudi Arabia: Thursday, March 16 - 2006 at 07:39
Saudi Arabia's Prince Alwaleed bin Talal has pledged to invest $1.3bn-$2.7bn in the Saudi bourse through his firm Kingdom Holding after blaming speculators for the current strong market correction, according to Reuters. And the Finance Ministry says it might allow foreign residents to invest directly in stocks and lower the nominal value of shares. Saudi stocks rebounded 4.74% Wednesday to close at 15,606.96 points.
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James McInerney, News EditorThursday, March 16 - 2006 at 07:39 UAE local time (GMT+4)
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This article was updated on Fri Mar 17 2006.
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