Solely aggregation of news articles, with no opinions expressed by this service since 2009 launch on this platform. Copyright to all articles remains with the original publisher and HEADLINES ARE CLICKABLE to access the whole article at source. (Subscription by email is recommended,with real-time updates on LinkedIn and Twitter.)
Sunday 7 March 2010
Saudi bourse may open to foreign investment
Saudi Arabia is considering further steps to open up the Arab world's largest bourse to foreign investment, the head of the Capital Market Authority (CMA) said in remarks published Saturday.
In 2008, the word's top oil exporter and Organisation of Petroleum Exporting Countries member allowed so-called swap agreements between non-resident foreign investors and local intermediaries, permitting indirect foreign ownership on the bourse.
Previously, foreigners could enter the Saudi stock market only through selected funds.
No comments:
Post a Comment