Saudi Mulls Centralized Stock Market
Saudi Arabia is considering the replacement of its inter-bank electronic bourse with a transparent stock market supervised by an independent body, AME Info website said, quoting the finance minister Ibrahim Al-Assaf.
He said the plan had been submitted to the supreme economic council for approval.
The kingdom has the Arab World's largest stock market with a capitalization of $60bn, which gained 11 percent in value last year after a 44 percent hike in 1999 – Albawaba.com
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