Saudi Arabia to allow foreigners to own up to 49% of listed stocks

09 Jan

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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