17.03.2010 - Saudi approves first ETF for foreigners

From Tradearabia.com: Saudi Arabia has approved the Gulf Arab state's first exchange-traded fund (ETF), which will be accessible to foreigners as part of efforts to open up the biggest Arab bourse. Saudi financial firm Falcom Financial Services won approval to list the 'Falcom Saudi Equity ETF' on the bourse, the capital market authority said in a statement on Tuesday...........................................Full Article: Source

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