Saudi government studying law to license other stock exchange operators - Maaal - Reuters:
Saudi Arabia is studying regulations to license new stock market operators, a potential first step to privatising its state-run bourse as Riyadh moves to wean the economy off oil, Maaal financial website reported on Thursday.
The kingdom has introduced a raft of reforms in recent years to make its stock market attractive to foreign investors and issuers.
Local shares were incorporated into the FTSE emerging-market index in March and the MSCI emerging market benchmark in May this year.
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