Saudi limits foreign control: CMA restricts ownership to 49%

Saudi Arabia tweaks rules on foreign investors

Most stocks unattractive Ownership rule tweaked 33% of July value from foreigners Saudi Arabia’s Capital Market Authority (CMA), which regulates the country’s stock exchange, has tweaked foreign-ownership rules for listed companies although the changes seem largely cosmetic at a time when long-term interest among non-domestic investors remains muted. The revamped regulations newly list six classifications of foreign investors permitted to enter …

Saudi limits foreign control: CMA restricts ownership to 49%

Foreign strategic investors are exempt from this cap, provided they hold their shares for a minimum of two years The post Saudi limits foreign control: CMA restricts ownership to 49% appeared first on Gulf Business.