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HSBC sees Saudi market to open for foreigners early 2014
- Saudi Arabia: Saturday, March 16 - 2013 at 03:31
The biggest underwriter of bond sales in Saudi Arabia last year, HSBC Holdings has said the kingdom's equity market is expected to open to foreigners as early as next year, amid rising demand for assets in the largest Arab economy, Bloomberg has reported. "There's tremendous appetite," said the chief executive of London-based HSBC's Middle East business, Simon Cooper. "I'd say 12 to 18 months. Steps are being taken at the appropriate places to open the market up."
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