A weblog that catalogs what's shaping the thinking at the DSB Policy Institute.

Thursday, May 18, 2006

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
Saudi King Abdullah has pledged to boost his citizens' prosperity
Saudi Arabia's King Abdullah plans to set up a risk-free investment fund in a bid to attract small investors to the country's flagging stock market.

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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