Saudi Arabia confirmed rules it set in August for direct foreign investment in the stock market as the country prepares to open one of the world’s most restricted exchanges next month.
Foreigners will be able to own up to 49 percent of a single stock and institutional foreign investors with a minimum of 18.75 billion riyals ($5 billion) under management will be allowed to invest directly in the stock market, the Riyadh-based Capital Market Authority said in regulations published on its website on Monday. The CMA reserves the right to lower that limit to 11.25 billion riyals.
http://www.bloomberg.com/news/articles/2015-05-04/saudi-arabia-sets-foreign-access-rules-for-572-billion-market
No comments:
Post a Comment