Moody's Investors Service has issued a structured finance special report on Saudi Arabia. The report, which looks at the legal environment in the light of possible structured finance transactions, has been written by Stephen Roughton-Smith of Moody's. The report might be pointing to the fact that we may soon be seeing a securitization transaction emerging from Saudi Arabia.

One of the important points tackled in the report is that there is no legal precedent under Saudi Arabia's Islamic law.

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