Saudi Arabian billionaire Prince Alwaleed bin Talal called on the kingdom's regulators to open up the stock market to foreigners and reduce its reliance on retail investors.
In a televised interview aired on 23 channels, the prince, who owns stakes in some of the world's top companies, said Saudi Arabia needed to upgrade its equity markets to international standards while protecting its blue-chip companies from hot international money.
"The Saudi market needs to rely less on individual investors. Saudi Arabia is 90-95 percent dominated by individual investors and 5 percent by institutions, opposite to what is there in America and Europe," bin Talal said.
Read more: http://www.arabianbusiness.com/prince-alwaleed-urges-opening-saudi-market-foreigners-496461.html
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