Number of foreign investors in Saudi stock market doubled last year, says chair | ZAWYA MENA Edition

Number of foreign investors in Saudi stock market doubled last year, says chair | ZAWYA MENA Edition:

"The number of qualified foreign institutions (QFIs) in Saudi Arabia has more than doubled over the past year, as the kingdom has introduced a broad set of reforms to its capital markets, the chairperson of Tadawul said. “There are more than 120 QFIs to date and this number is significant, because it was less than half of this last year,” Sarah Al Suhaimi, chairperson of the Saudi stock market said on Thursday at the Milken Institute MENA Summit held in Abu Dhabi. “The qualified investors’ programme went through several iterations and the latest one was last month,” she said, explaining that rules were updated to allow QFIs to participate in trading on the market with lighter capital requirements."



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