According to Saudi ArabiaÆs Capital Market Authority CMA, non-resident foreigners will be allowed to purchase swap agreements on the Saudi stock exchange known as the Tadawul from authorised entities, though a definitive date for the start of trading was not provided. The authorised entities, nine specified brokerages including Deutsche, will own the shares but pass the profits on to the investor through a swap agreement. Deutsche would not comment on the mechanism of its swap agreements.
ôThere is huge demand from international investors...
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