Saudi to ease requirements for foreign investors in bourse from Jan. 23:
"Saudi Arabia will ease requirements for foreign institutional investors in its stock market from Jan. 23, the securities regulator said on Tuesday, as the kingdom seeks more foreign capital to help diversify the economy beyond oil exports.
Among the reforms, the minimum value of assets under management needed for an institution to qualify as an investor will fall to $500 million from $1 billion.
The qualification process will be simplified and institutions will be able to qualify affiliates and their managed funds without submitting a separate application for each of them."
'via Blog this'
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