Saudi Arabia is prepared to ease regulations limiting foreign investment in the country’s stock market ahead of the much-anticipated Saudi Aramco initial public offering next year, according to the Financial Times.
It quoted Khalid al-Hussan, chief executive of Tadawul, the Saudi bourse, as sayins he expects it to be selected for potential inclusion into the influential MSCI emerging markets stock index in June, with formal entry to follow a year later.
It added that to ensure foreign flows into Saudi stocks increase during this consultation period, the kingdom would consider further changes to its regulatory regime governing foreign investments.
“I am positive that we have made all the changes needed to be in line with international investors’ requirements,” Mr Hussan told the FT
Tadawul and regulatory officials are in the US this week meeting foreign investors to gather feedback regarding its latest technical reforms, which included setting settlement procedures in line with international norms.
SAP’s $75 million investment plan to support Saudi Vision 2030Witnessed by Saudi Arabia’s King Salman and German Chancellor Angela Merkel, during her trade mission to the Kingdom, SAP announced a plan to ... Technology
Know the aims of Saudi Arabia’s Vision 2030 privatization programAchieving Saudi Arabia’s Vision 2030 reform plans is based on the success of the 10 programs which the Saudi Council of Economic Affairs and ... Economy
Know the aims of Saudi Arabia’s Vision 2030 housing and lifestyle programsThe 10 programs which the Saudi Council of Economic Affairs and Development recently identified to achieve Saudi Vision 2030 include housing and ... Property
A detailed look at Saudi Arabia’s 10 programs to achieve Vision 2030The Saudi Council of Economic Affairs and Development has identified 10 programs of strategic importance for the government to achieve Saudi Vision ... Economy
JPMorgan appoints Bader Alamoudi head of business in Saudi Arabiaal-Amoudi, previously chief executive of J.P. Morgan Saudi Arabia, will be responsible for JPMorgan’s operations and business strategy in the kingdom Banking & Finance
Saudi Arabia picks banks to manage multi-billion dollar bondSaudi Arabia has chosen Citigroup, HSBC and JP Morgan to manage its debut sovereign bond issue Business