Deutsche Bank plans to sell sharies on the Saudi Stock Exchange
On August 26, 2008 · In Deutsche Bank, Islamic Index, Saudi Arabia, Sharia Compliant, Tadawul
Deutsche to sell Saudi swap agreements
By Edward Russell | 26 August 2008
Defination of Tadawul-Tadawul (Arabic: تداول) is the only stock exchange in Saudi Arabia. It is the eleventh largest in the world. The Capital Market Authority supervises the exchange. The Tadawul All-Share Index (TASI) reached its highest point at 20,634.86 on 25 February 2006 . It lists 115 publicly traded companies (as of April 30th 2008). Its trading hours are 11:00AM through 3:30PM local time.
The German bank plans to sell shares on the Saudi stock exchange following a relaxation of foreign-ownership rules.