16 Hrs
Source:
الاقتصادية
Saudi market expects $7B cash inflow
Saudi Arabia expects that new measures on external money market fund investments will direct approximately $7 billion toward domestic assets over two years. The Capital Market Authority has issued a circular requiring funds to reduce their investments outside the kingdom to 5%, with a six-month grace period for funds whose international holdings exceed 20%. Although the amounts targeted are less than 1% of the monetary supply, they will boost liquidity in the riyal and support the local money market, especially as sources of financing diversify and expectations of increased financial inflows into the country grow.
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