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”).
Should you wish to read the full newsflash, please click on the link below.