Saudi CMA may relax investor rules to join world indices | GulfNews.com:
"Saudi Arabia would be open to relaxing its rules on foreigners investing directly in its stock market to help it get included in global indices, the chairman of the Saudi financial-markets regulatory agency, the Capital Market Authority, told Reuters.
In his first interview with international media since his appointment in January, Mohammad Al Jadaan also defended the limited trading so far by qualified foreign investors (QFIs) and noted the kingdom was already seeing wider benefits from having direct foreign access to its $470 billion (Dh1.73 trillion) stock market.
On June 15, the Saudi stock exchange, the Tadawul, became one of the last major emerging markets to let foreigners buy shares directly. But licences are granted only to vetted professional investors, who must have $5 billion of assets under management and a five-year investment track record."
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