ISLA: Saudi Stock Exchange to formalise short selling rules
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ISLA: Saudi Stock Exchange to formalise short selling rules 05 July 2019London Reporter: Maddie Saghir
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The Saudi Stock Exchange (Tadawul) has undertaken two concurrent consultations that look at formalising rules for short selling, securities borrowing and lending, the International Securities Lending Association (ISLA) revealed.
According to ISLA, this comes as part of Saudi Arabia's ambitious plan to develop their capital markets infrastructure.
Meanwhile, inclusion of Saudi Arabia in the MSCI indices is driving the development of market infrastructure to provide investors with the opportunity to short sell securities listed in the kingdom.
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