Saudi Arabia relaxes ownership limits for foreign investors - Reuters:
Saudi Arabia has relaxed a 49% limit for foreign strategic investors in shares of listed companies, it said on Wednesday.
The country has introduced a raft of reforms in recent years to make its stock market, the region’s biggest, attractive to foreign investors and issuers.
The move is aimed to help “enhance the market’s efficiency and attractiveness and to expand the institutional investments base,” the regulator, the Capital Market Authority (CMA), said in a statement on its website.
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