Financial markets in the Emirates are likely to reap their own rewards when Saudi Arabia finally makes its long awaited move to open up to foreign investors, said the chief executive officer of the UAE's Securities and Commodities Authority (SCA).
Qualified international investors will be given "gradual" access to the kingdom's listed companies in a move widely expected later this year, although the Saudi regulator has declined to pinpoint a date.
Foreign institutional investors are poised to pour billions into the market, according to analysts, with the minimum individual investment expected to be set at US$5 million (Dh18.3m).
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