24 Hrs
Source:
الاقتصادية
Saudi market reforms attract foreign capital
Reports indicate that changes in the leadership of the Saudi Securities Authority and the upcoming reform package could accelerate the easing of restrictions on foreign ownership in the market, particularly by raising the maximum ownership limit from 49% to 75% or eliminating it altogether. The goal is to attract billions of dollars in foreign investment, with Morgan Stanley estimating that increasing the limit to 75% could add around $4.3 billion in investment flows, and complete removal could generate up to $7.4 billion. These reforms come as part of Saudi Arabia's efforts to strengthen its stock market and attract foreign capital amid market conditions affected by regional conflicts, slower IPO activity, and domestic stock market sluggishness.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)