Deutsche Bank expects Saudi market to open to foreigners soon
- Saudi Arabia: Thursday, February 14 - 2013 at 03:32
Deutsche Bank has said Saudi Arabia is expected to allow soon direct investments by foreigners in local company shares, joining hedge fund Passport Capital in predicting the market is set to open, Bloomberg has reported. "I am convinced that the market will open up to foreign investors and part of me is very optimistic it's going to be soon," Jamal Alkishi, CEO of Deutsche Securities Saudi Arabia, told the news service. "I think the leadership sees the benefits of doing so, but they just want to make sure that every facet is examined and thoroughly understood before plunging into this."
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