Saudis to Insure Against Market Losses
Wow, if you can buy a 2-year put on the Saudi exchange times with the expiration of the Abdullah insurance, I would go for it:
Saudi king plans 'risk-free fund'
Saudi king plans 'risk-free fund'
Saudi King Abdullah has pledged to boost his citizens' prosperity |
Saudi citizens will be able to invest up to 500,000 riyals ($133,000; £70,600), in the bourse - buying and selling on the market for two years.
The individuals can keep any gains but the state will absorb losses.
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