Saudi Arabia’s Operating Brokerages Decline 42%, Eqtisadiah Says
By Glen Carey -
2012-02-06T06:26:00Z
The number of brokerages operating in Saudi Arabia fell 42 percent between 2010 and 2011, al- Eqtisadiah newspaper reported, without saying where it got the information.
The decline to 83 brokerages was due to lower trading volumes and an increase in competition, the Riyadh-based newspaper reported.
To contact the reporter on this story: Glen Carey in Dubai at gcarey8@bloomberg.net
To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net
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