KSA to allow limited foreign ownership of stocks | A1SaudiArabia.com

Saudi Arabias plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stocks issued share capital, two industry sources said.

Saudi Arabias Capital Market Authority (CMA) and Tadawul, the largest Arab bourse, have indicated to market participants the details of the proposed framework of foreign ownership.

Total direct ownership of each stock would not be allowed to exceed 20 percent of the issued share capital, a source familiar with the matter told Reuters.

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