Saudi Arabia opened its equities to all foreign investors, removing restrictions that stipulate foreigners must meet certain qualifications to carry out transactions on the Saudi market.
The decision allows non-residents to invest directly in the main Saudi market from Feb. 1, and marks the latest in a rush of market reforms to revive the stock market.
The changes are expected to contribute to attracting additional international investments, with a wider pool of investors potentially benefiting the Saudi market which has dozens of companies seeking approval to list shares locally.
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The decision allows non-residents to invest directly in the main Saudi market from Feb. 1, and marks the latest in a rush of market reforms to revive the stock market.
The changes are expected to contribute to attracting additional international investments, with a wider pool of investors potentially benefiting the Saudi market which has dozens of companies seeking approval to list shares locally.
----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg on YouTube:
https://www.youtube.com/@business
https://www.youtube.com/@markets
https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts