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Thursday, 11 August 2016

Saudi Arabia takes second chance to attract foreign capital | GulfNews.com

Saudi Arabia takes second chance to attract foreign capital | GulfNews.com:

"After a disappointing response to the opening up of market since June last year, Saudi Arabia, the biggest regional equity market, is taking another chance.
On Wednesday, the capital markets regulator announced a series of measures to attract foreign flows, by lowering the fund size of the asset managers to $1 billion (Dh3.67 billion) from the earlier $5 billion, and also allowing a 10 per cent ownership in a single listed company, up from the current ceiling of 5 per cent. These measures would be effective from September 4.
The Tadawul index closed near 0.50 per cent lower, indicating that investors were not impressed with the decision."



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