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Title : The Market And Energy Page, T+299 -- November 16, 2017
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The Market And Energy Page, T+299 -- November 16, 2017

All that talk about Saudi princes liquidating their positions in the US market? That may be accurage. From Bloomberg today:

Saudi Arabia’s market regulator has frozen the trading accounts of individuals being detained or investigated as part of the kingdom’s crackdown on alleged corruption, according to three people familiar with the matter.

The Capital Market Authority is asking brokerages to suspend the accounts of dozens of princes, billionaires and officials being held so they’re unable to buy or sell shares on the Tadawul stock exchange.

The kingdom last week said Saudi Arabian Monetary Agency, or SAMA as the central bank is known, had frozen the bank accounts of individuals being investigated, but not those of the companies they own or manage. In Saudi Arabia, some are in talks with banks and asset managers to move money outside the country.

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