Long-Time Saudi Arabia Bull John Burbank Weighs In On The Opening Of Saudi's Market

Author's Avatar
Jun 15, 2015

For the first time foreigners can directly buy and sell Saudi stocks.

Passport Capital (John Burbank (Trades, Portfolio)) has been invested in Saudi Arabia since 2009.

His favorite sector in Saudi Arabia is the banking sector which is one-third of the entire stock index.

The competitive advantage that Saudi banks have? They don't have to pay interest under Sharia law.