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Foreign institutions can invest in listed shares from June 15: CMA
The Saudi Gazette Published in The Saudi Gazette on 17 - 04 - 2015


RIYADH – The Board of the Capital Market Authority (CMA) announced a schedule for carrying out the council of ministers decision to open the way for foreign financial institutions to purchase shares listed in the Saudi stock market, SPA said. In a statement it issued Thursday on Tadawul website, the CMA said qualified foreign investors are allowed to invest in listed stocks as of June 15, 2015. It said rules would be approved soon and published on May 4, 2015. The rules will be effective and will come into force on June 1, 2015. CMA added it had taken into account the opinions and observations of those concerned and interested on its website after publishing the draft rules before arriving at the timetable. They waited for 90 days for all the opinions and observations. — SG

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