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Financial Market Chair Reviews 49% Foreign Ownership Limit
The head of the Saudi Securities Authority, Mazen Al-Sudairy, confirmed that the ceiling on foreign ownership in companies, which is set at 49%, is currently under review. The authority is coordinating with sector regulators to regulate this limit. The goal is to reach mutually agreed-upon percentages that ensure commitments are maintained, while also regulating the market in a manner that aligns with its development, preserves efficiency, and ensures fairness in transactions.
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