Saudi Arabia’s new regulations
granting Qualified Foreign Investors (QFIs) access to the
country’s Tadawul All Share Index have been well
received, but are not expected to create a flood of investment
in the country.
The rules, which were published on the Capital Market
Authority’s (CMA) website on May 4 mean foreign
investors can own up to 49% of a single stock, and
institutional foreign investors with at least $5 billion under
management can invest directly in the stock market.
The framework will offer legal ownership of Saudi-listed
shares under the name of the investor in the depository centre,
after which investors will be able to exercise their