21st February 2009 - Foreign buys of Saudi shares unharmed by crisis: HSBC (R,UK)

Following the decision last August to allow non-resident foreign investors to invest, albeit indirectly, in the shares of Saudi companies, there is clear evidence of a growing market for such investments, despite the substantial fall in the Saudi stock market The Saudi HSBC has purchased more than one billion dollars-worth of shares on behalf of foreign investors since August.