Posted on 04/16/2015 12:05:17 PM PDT by Citizen Zed
The oil-rich nation is opening its stock market -- the largest in the Middle East -- to foreign investors on June 15, the government announced Thursday.
The Saudi market -- worth an estimated $530 billion -- is more than double the size of the Tel Aviv stock exchange in Israel.
Previously, only Saudi-based investors could buy stocks there. By mid-June, international firms will be able to buy stocks in the country's exchange, the Tadawul All Share Index. This will likely encourage mutual funds and ETFs to add some Saudi stocks to their holdings, especially in emerging market funds.
The move could put Saudi Arabia in the same breath as major emerging market countries like Brazil and India, although it's still classified as a "frontier market" currently.
(Excerpt) Read more at money.cnn.com ...
maybe one will find all the bodies buried?
Investments are different than loans.
yeah. like I would trust the Saudis...
Well, I for one would like to buy some stock in one of their custom knife makers. You know, one for skinning, one for chopping, and one for fileting.
They market those knives as “The Head Chopper”? It slices, it dices...
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