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Bankers warn of Saudi Arabia's withdrawal from the US market
Friday 30-09-2016 | 8:55:42
J p
Friday 30-09-2016 | 8:55:42
J p
Twilight News / Financial Times newspaper dealt with in its edition on Friday published an article entitled "Bankers warn of Saudi Arabia's withdrawal from the US market."
He says the article, which was written by Simon Kerr from Dubai and Dmitry Sivastopoulo from Washington, said the US legislation, which allows for the families of the victims of September / September 11 attacks, has filed lawsuits against Saudi Arabia may be alarming to hinder US investments in Saudi Arabia, as it may lead to the sale of assets estimated to be worth billions of dollars.
Saudi Arabia has not responded formally to the US decision, but the Saudis have expressed concern bankers to officials that their money may become a target in legal proceedings.
The article points out that bankers say they expect Saudi Arabia to act cautiously while watching any legal action. But Saudi Arabia fears undermine the possibility of new investments in the United States and increase the filtering Saudi investments concerns already exist in the United States, as noted by bankers.
A bank official overseeing the investment of Saudi funds to the newspaper "The Saudis will be definitely more cautious and may be repercussions on the long-term assets in the United States Arabia huge."
The director of finance funds in the Gulf, the newspaper that investors may already be planning to reduce investment in the United States, adding: "worried about the freezing of assets."
The paper says that bankers estimate that most of the Saudi government's investments and assets of the Saudi royal family in Saudi Arabia, making hundreds of billions of dollars at risk of liquidation.
He said the banking official told the newspaper, "is likely to withdraw any person or any organization linked to the Saudi government or the royal family money from the banks that the United States is based. If a US court ordered the confiscation of funds, it would apply to all companies registered in the United States. "
The paper says that in the wake of the September / September 11 attacks returned the money Saudi investors billions of dollars to their country and the Middle East for fear of targeting their assets, and he feared that the reaction to be similar to the new resolution.
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