Saudi investors have brought back 17 billion riyals (Dh16.69 billion) from abroad in recent months, after incurring huge losses in the current economic meltdown, officials said.
According to Saudi businessmen and economic experts, the lion's share of the capital invested in the US and European markets as well as in some other countries, has been withdrawn to avoid further losses.
"The losses of some of the businessmen and investors ranged between 30 per cent and 70 per cent. The magnitude of losses varied depending upon the nature, type, and place of investments as well as the timing of withdrawal," Saudi banking sources told Gulf News.
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