Luxembourg newsflash – Opening of Saudi stock market to foreign investors
On 4 May 2015, the Saudi Capital Market Authority (“CMA”) issued “Rules for Qualified Foreign Financial Institutions Investment in Listed Shares” (the “QFI Rules”) which provide for a selective opening of the Saudi stock market. From 15 June, the Saudi stock market will therefore allow Qualified Foreign Investors (“QFIs”) to access the Saudi stock market (“Tadawul”).
On 4 May 2015, the Saudi Capital Market Authority (“CMA”) issued “Rules for Qualified Foreign Financial Institutions Investment in Listed Shares” (the “QFI Rules”) which provide for a selective opening of the Saudi stock market. From 15 June, the Saudi stock market will therefore allow Qualified Foreign Investors (“QFIs”) to access the Saudi stock market (“Tadawul”).
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Contacts
Florence Stainier
Partner