Saudi Arabia: Tadawul to open to foreigners


Issue 975 - 01 Aug 2014 | 1 minute read

The Saudi cabinet approved the opening of the stock market to foreign financial institutions on 21 July, at a session headed in Jeddah by Crown Prince Salman Bin Abdelaziz. The move is expected; as GSN reported in its last issue, the idea of opening the Tadawul to foreigners has been mooted for years, and has been edging closer, though the cabinet’s approval came surprisingly fast.There is still some way to go. A statement from the Capital Market Authority on 22 July said it was hoping to allow foreign financial institutions to invest in “eligible” stocks during the first half of 2015

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

This article is available to registered users

Login

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.


View a selection of Free articles

Explore subscription options

Follow us on Google News