Saudi Arabia converts Aramco into joint-stock company


05 Jan
05Jan

LONDON: Foreign investors will be allowed to own up to 49 percent of shares on the Saudi stock market, according to a document published by the local regulator.

The Capital Market Authority (CMA) said that a single qualified foreign investor (QFI) would be allowed to hold as much as 10 percent of shares in a company or debt instrument. 
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