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Saudi Arabia
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A man walks past the Kingdom Centre Tower in Riyadh, Saudi Arabia April 12, 2016. REUTERS/Faisal Al Nasser
Saudi Capital Market Authority Issues Draft Real Estate Investment Traded Funds Instructions
Riyadh- Saudi Capital Market Authority unveiled a draft on real estate investment traded funds instructions. The draft prohibits the investment of real estate funds in white lands, or urban lands that are not being developed by their owners. These updates coincide...Caption:
A Saudi man walks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, Monday, June 15, 2015. Saudi Arabia’s stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices. (AP Photo/Hasan Jamali)
Little Improvement in Saudi Banks
Riaydh – In a new development that reveals the strength of financial structure of Saudi banks, Saudi Arabian Monetary Agency (SAMA) issued its annual study which showed a little increase of 2% of deposits in local banks during 2015. Based on the study, the bank...Caption:
A screen displaying stock market index is seen at the Saudi stock market in Riyadh. (Reuters)
Saudi stock regulator plans new rules on losses, share prices
RIYADH, Reuters—The Saudi Capital Market Authority has begun consultations that could change how closing share prices are calculated and how long listed firms can trade with large accumulated losses, part of a drive to tighten standards in the market. Saudi Arabia,...Caption:
(AAA Photo)