Saudi Arabia: Tadawul to open up on 15 June
Issue 991
- 24 Apr 2015
| 1 minute read
The Saudi Stock Exchange (Tadawul) will open to direct foreign investment on 15 June, according to the Capital Market Authority (CMA). The much-anticipated move – which has come sooner than many analysts expected – will allow qualified foreign investors (QFIs) to buy listed shares directly from that date, the CMA said in a statement on 16 April. The CMA published draft rules for the opening of the market on its website in August 2014, and said it had “reviewed comments and observations… co-ordinated with concerned governmental parties, and received the Saudi Stock Exchange (Tadawul)’s confirmation of its readiness”.
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