Saudi Arabia considers relaxing ownership limits for foreign investors | Business | The Journal Pioneer:
Saudi Arabia’s Capital Market Authority (CMA) is considering relaxing a 49 percent limit for foreign strategic investors in shares of listed companies due to increased demand, its chairman said on Thursday.
Foreigners currently own 5.5 percent of Saudi equities but that could nearly double by the end of 2020, Mohammed El Kuwaiz said in an interview on the sidelines of a financial conference in Riyadh.
"We found most strategic investors are maybe looking to build more sizeable stakes," Kuwaiz said.
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