Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Saudi Princes Liable for Trading Violations, Al Sharq Says

Saudi Arabia’s King Abdullah asked the stock market regulator to investigate trading violations even if they involve members of the royal family, Al Sharq reported on its website, citing a letter to the regulator.

An official at the Capital Market Authority declined to comment when contacted by Bloomberg News today.

The kingdom’s benchmark Tadawul All Share Index has surged 20 percent so far this year, a rally that has been driven by retail investors, according to ING Investment Management’s Yazan Abdeen, who helps oversee about $250 million as a fund manager in Dubai.

“Some believe that may imply inadequate trading behavior,” Abdeen said. “The letter is a confirmation that the CMA has regulatory power. Increased regulation from fraud is something the market has to evolve into.”

The benchmark stock index slipped 0.3 percent today to 7,697.70 at the 3:30 p.m. close in Riyadh, the lowest level since March 24. The measure yesterday lost 1.8 percent, the most since Aug. 20.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.