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Saudi pension body bough $533 mln stocks in March - ASHARQ AL-AWSAT English Archive
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RIYADH, (Reuters) – Saudi Arabia’s public pension agency invested 2 billion riyals ($533.3 million) in March in the kingdom’s stock market, its governor said on Tuesday.

“We bought (stocks) worth 2 billion riyals … we will keep investing. The market is promising,” Mohamed al-Kharashi told Reuters on the sidelines of a conference in Saudi Arabia’s capital.

He said the agency invested in banks, telecoms and cement sectors.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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