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Saudi stock prices affect funds
- Saudi Arabia: Sunday, August 20 - 2006 at 14:50
The value of investment funds in Saudi Arabia plunged by more than 20% in Q2 as the local stock market slumped, according to figures released by the Saudi Arabian Monetary Authority and cited by Bloomberg. The value of funds dropped to $29.1bn, a 21% decrease. Banks lost 80,000 investment fund customers during the period, a fall of 15%.
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Jonathan Sheikh-Miller, Deputy EditorSunday, August 20 - 2006 at 14:50 UAE local time (GMT+4)
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This article was updated on Sun Oct 22 2006.
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