Saudi Arabia’s Operating Brokerages Decline 42%, Eqtisadiah Says - Bloomberg

The number of brokerages operating in Saudi Arabia fell 42 percent between 2010 and 2011, al- Eqtisadiah newspaper reported, without saying where it got the information.
The decline to 83 brokerages was due to lower trading volumes and an increase in competition, the Riyadh-based newspaper reported.

* username: rupertbu