Saudi bourse’s rules for opening to foreigners expected by end-April |GulfNews.com:
"Saudi Arabia’s market regulator will publish the final rules governing the opening of the kingdom’s stock exchange to direct foreign investors by the end of April, a senior Saudi banker told Reuters.
His comments correspond to a report in pan-Arab newspaper Asharq Al-Awsat on Tuesday, which quoted unnamed informed sources in the kingdom as saying the regulations will be published in April and the market will officially open to overseas institutions 60 days later.
The opening of the Saudi market, the largest in the Gulf with a capitalisation of around $510 billion (Dh1.87 trillion), is one of the most eagerly awaited economic reforms in the region in recent times."
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