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Nomura gets approval to offer stock market access in Saudi

 
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Kirk
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PostPosted: Tue Feb 28, 2012 7:06 am    Post subject: Nomura gets approval to offer stock market access in Saudi Reply with quote

Saudi Arabia’s Capital Market Authority (CMA) has given Japanese lender, Nomura its approval to offer international investors access to the kingdom's stock market, Reuters has reported. Japan's largest bank can offer access to Tadawul through total-return swap products whereby securities are issued to foreign investors. Foreign buyers of Saudi stocks currently do so through swap arrangements. Other large global banks such as HSBC and Morgan Stanley already offer such access.

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