Saudi Arabia Eases Entry Rules for Foreign Investors in Stock Market

[kreslik.news]

Saudi Arabia’s financial regulator, the Capital Market Authority (CMA), has ‎‎announced new enhancements to its Qualified Foreign Investor (QFI) ‎‎framework. The fresh reforms are intended to ease requirements and entry ‎barriers in an effort to draw more ‎capital into the country’s stock market‏.

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Among the reforms, the minimum value of assets under management ‎needed for an institution to qualify as an investor would fall to $500 million ‎from $1 billion.‎

‎Saudi Arabia has also simplified requirements for qualifying the affiliates of ‎institutional investors, with their subsidiaries and managed funds now ... (read more)