Saudi market set for major boost from foreign investors | The National

Saudi market set for major boost from foreign investors | The National:



"The opening of the US$500 billion-plus Saudi stock market to foreign investors will help to boost inflows, improve corporate governance and reduce volatility, according to a Saudi official and analysts.



The regulator, the Capital Markets Authority (CMA), plans to publish the final rules for foreign investment in Saudi equities on May 4.



The rules will come into effect on June 1, and qualified foreign investors (QFIs) will be able to buy and sell blue-chip stocks from June 15."



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