12 Hrs
Source:
الاقتصادية
Saudi Arabia caps foreign fund investment at 5 percent
The Saudi Capital Market Authority has mandated money market fund managers not to exceed 5% of the fund's net assets in foreign investments. However, they are allowed to increase these investments to 20% for a period of six months if they initially exceed this limit, provided they reduce them within that timeframe. All foreign investments must have a high credit rating issued by licensed rating agencies. There is a grace period of up to two years to fully implement these requirements. The aim of this regulation is to organize the capital market and protect investors' assets, while ensuring compliance with regulatory standards.
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