Wednesday 4 May 2016

Saudi opens door to short sellers to lure investors - FT.com

Saudi opens door to short sellers to lure investors - FT.com:

"Saudi Arabia has announced a series of market reforms aiming to make its $400bn bourse more attractive to foreign investors ahead of a much-anticipated listing of state oil company Saudi Aramco.
The Capital Market Authority, the market regulator, plans by the first half of next year to implement the new regulations, including allowing securities lending and covered short selling, a first for the markets of the Gulf states. Limits on qualified foreign investors in companies listed on the bourse, known as Tadawul, will also be lifted."



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