RIYADH (AFP) – Saudi Arabia announced plans to turn its stock market into a shareholding company open to the private sector and to establish the Middle East’s largest financial district.

The move to privatize the bourse, announced by Capital Market Authority (CMA) chairman Jammaz al-Suhaimi at an economic conference, will help the stock market operate on more professional and transparent bases and introduce new products and services, analysts said.
news.yahoo.com

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