Foreigners invest $941m in Saudi proxy shares hoping for ownership rights « ArabianMoney:
"Foreign investors spend a total of $941 million on Saudi proxy shares last month, more than double the amount in June after an announcement promised full ownership rights early next year.
At the moment foreigners cannot directly own Saudi Arabian stocks. But they can enter into a complex proxy arrangement whereby a Saudi national owns the shares but they benefit from the share price movements and dividends."
'via Blog this'
No comments:
Post a Comment