Foreigners will be allowed to buy directly into initial public offers (IPO) of shares in Saudi Arabian companies on a case-by-case basis, the chairman of the Saudi Capital Market Authority said on Tuesday.
The CMA announced on Mon
Foreign investors can own no more than 10 per cent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month.
A single f
A regulatory drive to reduce the volatility around initial public offers of shares is bolstering the Saudi funds sector and also creating an opportunity for international investors to sidestep the kingdom's foreign ownership restrictions.
Saudi Arabia's bourse surged in early trade on Sunday after the regulator said it would open the bourse to direct foreign investment from June 15.
The main index rose 3.9 per cent to 9,614 points, breaking minor technical resi
Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares from that date, the Capital Market Authority said on Thursday.
Final rules coverin
Australia plans to charge fees to foreign nationals buying residential property and fine those who break foreign investment laws in an attempt to cool one of the world's hottest property markets.
Australia plans to charge fees
Saudi Arabia’s Ministry of Health has opened the door for foreigners to own and run private health care centres and facilities in the kingdom, according to a report.
It has approved amendments to the conditions of the Saudi
Foreign institutional investors are expected to begin direct trading of Saudi Arabian stocks before April next year, the Asharq al-Awsat newspaper reported on Monday, quoting unnamed sources.
In August, the Capital Market
Foreigners blacklisted by a Gulf country could be denied entry to all GCC states, said Bahrain’s Labour Minister Jameel Humaidan ahead of a ministerial level meeting in Kuwait.
Foreigners blacklisted by a Gulf country could be den
Saudi Arabia's cabinet has given permission to the country's financial regulator, the Capital Market Authority (CMA), to open the stock market to direct investment by foreign financial institutions, the cabinet said in a statement on Tue