#Saudi market regulator facilitates listing of foreign companies - Reuters

Saudi market regulator facilitates listing of foreign companies - Reuters:

Saudi Arabia has introduced measures to facilitate the entry of foreign issuers to the Saudi stock market and encourage investment in NOMU, the country’s secondary market, the Saudi Capital Market Authority (CMA) said on Sunday.

The Saudi main stock exchange, Tadawul, opened to foreign investors in 2015. The kingdom has since introduced a raft of reforms to attract overseas share buyers and issuers as part of efforts to lure foreign capital and diversify the oil-dependent economy.

CMA said on Sunday it had adopted rules that will facilitate foreign issuers’ listings of their shares on the main Saudi market.