Saudi bourse to start T+2 settlement in second quarter

(Adds drafts short-selling, securities lending rules) DUBAI, Jan 9 (Reuters) - The Saudi Stock Exchange will introduce settlement of trades within two working days of execution during the second quarter of 2017, the bourse said on Monday as it published draft rules for short-selling and the borrowing and lending of securities. This has inconvenienced foreign investors in particular as they must have large amounts of money on hand before trading, which can be hard given Riyadh's time zone and its