These fucking people are so delusional, in their monarchy of terror, corruption and mental illness. Now all asset managers in America who manage just $1b can invest in their fucking asshole stocks, which is completely based on crude oil.
Or, maybe you can just buy USO and avoid having to support a regime that is the single biggest supporter of terrorism, which has infected the world with their brand of Islam that threatens the very fabric of the western world.
The regulations — which will cut the amount of assets foreigners must have under management to invest directly in the nation’s stocks to 3.75 billion riyals ($1 billion) from 18.75 billion riyals — will be enacted on Sept. 4, according to a statement from the Capital Market Authority on Wednesday. They will also allow individual foreign investors to own not more than 10 percent of shares outstanding in a single company, up from 5 percent.
The Riyadh-based regulator said in May the changes would take effect before the end of the first half of 2017.
Over the past year, the Saudi Tadawul is down 25.4%.
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You said it all. Is there any way to know which Investment companies take the bait here?
I am scratching my head on this one.
They sure like to leave a scourge of tongue on our cheeks.
Anyone know the difference for wearing the white head gear as opposed to the Italian tablecloth look (no Lawrence of Arabia)?
A quick google search makes it sound like there is no real symbolic meaning to the different styles. The only thing I could find is the Italian tablecloth with a fan belt digs are more of a Bedouin thing whereas the white version is more of a city slicker style.
TY.
Good to know.