Saudi Arabia's top monetary official on Friday sought to reassure investors and play down the impact of Dubai's debt crisis ahead of the first day of stock market trading in the kindgom since the news broke.
"The group's (of Saudi banks) exposure to Dubai World is very limited," Muhammad al-Jasser, governor of the Saudi Arabian Monetary Agency, told Saudi-owned Al-Arabiya television.
"If we look at the total balance of all Saudi banks ... exposure to Dubai World is less than 2 in a thousand," he said, without clarifying the comparison.
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