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Mark Diab, head of MENA equities for Man Investments Middle East in Dubai, says: ‘Whether the market opens or not is irrelevant if the fundamental reasons to be invested in Saudi are not compelling, which we think they are’ |
Credit where it’s due: Saudi Arabia’s Capital Markets Authority said it would spend several months listening to the market before announcing the final rules for the opening of the country’s stock markets, and listen it did.
Granted, having listened, it then went ahead with more or less exactly the same rules it had started out with.
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