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Saudi Arabia Opens Doors to Foreign Investors
3 Feb
Summary
- Saudi Arabia is reviewing rules limiting foreign ownership in local stocks.
- The kingdom aims to further open its markets to international investors.
- Saudi Tadawul Group now accepts all foreign investors as of Feb. 1.
Saudi Arabia's Capital Market Authority is currently undertaking a comprehensive review of existing regulations that impose limitations on foreign ownership within local stock markets. This strategic evaluation is part of the kingdom's ongoing commitment to enhancing its accessibility for international investors.
This development closely follows a landmark decision by Saudi Tadawul Group, the entity overseeing the Saudi Exchange. As of Sunday, February 1st, the group has opened its platform to accommodate all categories of foreign investors for the very first time. Nayef Al-Athel, Group Chief Sales and Marketing Officer for Saudi Tadawul Group, recently discussed the implications of these significant shifts on Bloomberg Businessweek Daily.
