Saudi to allow smaller foreign funds into stock market, ease other rules:
"Saudi Arabia will ease requirements for foreign institutional investors in its stock market, the securities regulator said on Thursday, as Riyadh seeks to draw more capital into the market before the listing of state oil giant Saudi Aramco. The Capital Market Authority opened the bourse to direct investment by qualified foreign institutions in 2015. It reduced minimum requirements for the institutions last year and is now proposing a fresh round of reforms, giving the public 14 days to comment on the proposals. Among the reforms, the minimum value of assets under management needed for an institution to qualify as an investor would fall to 1.875 billion riyals ($500 million) from 3.75 billion riyals."
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