Morgan Stanley: Raising foreign ownership limits may bring in $7.4 billion

The Saudi Financial Market is studying the possibility of increasing the foreign ownership limit in the market from 49% to 75%, which could attract foreign inflows valued at up to $7.4 billion, according to a report by Morgan Stanley. This adjustment may be included in the review of the MSCI index scheduled for November and requires implementation before stock prices are determined for the review, which could happen in the last ten days of October. Banks, especially Al Rajhi Bank, are likely to be the biggest beneficiaries of this change, which aims to boost market liquidity and its attractiveness to foreign investors. However, some experts believe that raising the limit alone might have a limited impact, particularly since foreign investors seldom approach the maximum ownership cap.

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