As Saudi bourse opens, foreigners face clash of investment cultures | GulfNews.com:
"Seventy-year-old Saudi Arabian stock speculator Mohammad Al Otaibi says he lost hundreds of thousands of dollars in the crash of 2006, but he’s back trading again as the Arab world’s biggest bourse prepares to open to direct foreign investment.
The activities of Otaibi and many thousands like him mean there will be a clash of investment cultures when international institutions enter the $580 billion (Dh2.1 trillion) Saudi market early next year, under a plan announced by the regulator last month.
Sitting on a sofa in a trading room at Saudi financial firm Falcom in Riyadh, Otaibi shuns shares in the country’s heavyweight petrochemical firms and banks, believing they’re not volatile enough to offer quick profits."
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