Committee to Review GCC Stock Trading

RIYADH, 11 August 2005 — The Capital Market Authority formed a special committee to suggest the appropriate mechanism to activate the decision of Gulf Cooperation Council (GCC) countries to apply equality between Saudis and Gulf citizens owning and trading in stocks, Madinah newspaper has reported. It is expected that the committee will continue their meetings for the next few months. The committee will announce the date to allow GCC citizens to own and trade stocks once the mechanism is determined.