From Arabnews.com: After passing regulatory muster with the Saudi Arabian Capital Market Authority (CMA), Alinma Investment has announced the launch of official public operations with licenses to engage in all investment related activities including dealing, managing, arranging, advisory and custody services.
Speaking at the launch, Abdul-mohsen Al-Fares, chairman of the board of directors of Alinma Investment, said that time was right for launching the business and the price-to-earnings ratios of local and international companies were suitable for investment……………………………………….Full Article: Source