Saudi Regulator Set to Open Up Debt Market to Foreign Investors
Posted: 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)