Saudi Regulator Set to Open Up Debt Market to Foreign Investors

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5112
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Saudi Regulator Set to Open Up Debt Market to Foreign Investors

Postby kreslik.news » Wed Jun 22, 2016 1:53 pm


A year after Saudi Arabia opened up its stock market to foreign investors, the ‎financial regulator in the oil-rich kingdom, Capital Market Authority (CMA), announced Wednesday new amendments to its regulations to allow foreign institutional ‎investments in the exchange-listed debt instruments for the first time. The Saudi ‎regulator further eased restrictions on foreign investments after the new amendments ‎changed references to “shares” in the rules into “securities”, according to a ‎Thomson Reuters report.‎

The expected step came as part of reforms intended to attract more foreign capital ‎into its markets as the country tries to tackle a widening budget deficit caused ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”