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U.S. chemicals giant Dow has said it is the first company to get a license under new Saudi rules allowing 100 percent foreign ownership in the trade sector.The kingdom's powerful Deputy Crown Prince Mohammad bin Salman, who is on a visit to the United States, presented the licence to Dow chairman Andrew Liveris in Washington, the company said in a statement published Thursday.In line with the Vision, ministers Monday approved rules for foreign companies to invest in the wholesale and retail trade sector with 100 percent ownership, up from 75 percent.Dow calls itself Saudi Arabia's largest foreign investor.
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