Saudi's Falcom Financial Services plans to launch an exchange-traded fund (ETF) for Saudi petrochemical shares on the Kingdom’s bourse as per Reuters. After granting foreign share ownership via swap aagreements in 2008, the Kingdom has allowed local brokerages to launch ETFs, in a bid to attract more investment to its bourse.
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Wednesday, July 07, 2010
Saudi financial company to launch petrochem ETF for petrochemical shares on bourse
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