Saudi Arabia to launch petrochemical ETF on bourse

摘要

SAUDI'S Falcom Financial Services said it will launch an exchange traded fund (ETF) for Saudi petrochemical shares on the Arab world's largest bourse shortly. The world's top oil exporter is trying to attract more investment to its bourse and has allowed local brokerages to launch ETFs, the latest step after granting foreign share ownership via swap agreements in 2008.