Tadawul opening not related to reduced Eid holidays, CMA says

28/05/2015 Argaam

Tadawul’s opening to foreign investors next month is not related in any way to the central bank’s decision to reduce Eid Al-Fitr holiday for banks and financial institutions, Abdullah Al-Qahtani, a spokesperson for the Saudi Capital Market Authority, has told Al Riyadh newspaper.

 

The Saudi Arabian Monetary Agency (SAMA), the kingdom’s central bank, said on Thursday that it has decided to reduce the upcoming holiday for banks in the kingdom to four days. Eid Al-Adha in September has also been set for just four days.

 

The Saudi Exchange is set to open its doors to foreign investors on June 15.

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