An investor walks past a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016. REUTERS/Faisal Al Nasser
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Saudi Arabia is working on a plan to allow nonresident foreign investors to own strategic stakes in listed companies as the kingdom overhauls its economy.The government issued 87 licenses for investment projects in the kingdom in the third quarter, up more than 60 percent from the same period last year.Saudi Arabia in 2015 allowed qualified foreign investors with a minimum of five years' experience and $5 billion of assets under management to apply for licenses to trade equities directly. The regulator set a 5 percent limit for a single QFI in a company, and a 20 percent ceiling for QFI holdings in a single stock.
FOLLOW THIS ARTICLE