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Saudi Arabia’s Operating Brokerages Decline 42%, Eqtisadiah Says

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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