Saudi Arabia’s market regulator amended rules to allow foreign issuers to list securities on the local bourse, according to a statement posted on the Capital Market Authority’s website.
“A foreign issuer whose securities are listed in another regulated exchange may apply for its securities to be registered and admitted to listing,” according to the statement. “The Authority may admit the securities to listing provided that, in the Authority’s opinion, the listing rules applicable in the foreign issuer’s jurisdiction of listing are at least equivalent to these rules.”
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