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Alibaba Group Holding Ltd founder Jack Ma rings a ceremonial bell to start trading during his company’s initial public offering (IPO) under the ticker “BABA” at the New York Stock Exchange in New York September 19, 2014. REUTERS/Brendan McDermid
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The Ernst & Young building rises above Times Square in New York June 18, 2014. REUTERS/Lucas Jackson
SAMA Controls Insurance Companies’ Performance
Riyadh-Saudi companies willing to become public holding firms have slowed down the process, following a drop in prices of new companies listed in local share markets dealings. The forbearance of Saudi companies affected the region’s market. Ernst & Young latest...Caption:
Using EFTPOS (electronic funds transfer system at point of sale) in a store in Sidney, Dec. 11, 2012. REUTERS/Tim Wimborne
Foreign Investors’ Ownership in Saudi Share Market Likely to Rise 100% in Ten Months
Riyadh- Following Saudi Arabia’s decision to relax restrictions on foreign investment in the local market, experts forecast that foreign investors’ ownership will pick up 100% by the second half of 2017 knowing that it now represents 4.1% of the market value in...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 Saudi man looks at stocks at the Tadawul Saudi Stock Exchange, in Riyadh, Saudi Arabia, on June 15, 2015, as the 585 billion US dollar exchange opened up to direct foreign investment for the first time Monday. (AP Photo/Hasan Jamali)