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Monday, 23 October 2017

Saudi to open up bourse foreign ownership limits

Saudi Arabia is pushing foreign ownership limits in its bourse past the 10% mark, Reuters reports. The country’s Capital Market Authority is working with the Saudi Arabian General Investment Authority to “to prepare rules under which foreign investors with appropriate experience and expertise could own such stakes.” The CMA said strategic investors in Saudi companies would retain their voting rights and that “some parts of the economy will remain restricted or prohibited” to foreign investors.

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