Saudi Arabia doubles leverage for retail investors in Aramco’s IPO

Описание: Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA), has doubled leverage limits for retail investors looking to buy shares in oil giant Saudi Aramco, Samba Financial Group’s Chief Executive Officer Rania Nashar told Al Arabiya.

Banks in the Kingdom have been directed to lend to retail customers at a ratio of 2 to 1 for every riyal invested towards buying Aramco’s shares during the company's upcoming initial public offering (IPO), up from the average limit of 1 to 1, Nashar told Al Arabiya.

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