SAUDI ARABIA – Saudia Arabia ‘finalising regulations for foreign ownership’

SAUDI Arabia is finalising a regulatory framework which will allow foreigners to directly own stocks in the kingdom, though the market has no need for liquidity from international investors, the head of the country’s market regulator said.  “There are a number of government entities, including CMA, that are looking at that (direct foreign investment). We’re finalising a regulatory framework with...
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