Saudi Arabia opened its equities to all foreign investors, removing restrictions that stipulate foreigners must meet certain qualifications to carry out transactions on the Saudi market.
The decision allows non-residents to invest directly in the main Saudi market from Feb. 1, and marks the latest in a rush of market reforms to revive the stock market.
The changes are expected to contribute to attracting additional international investments, with a wider pool of investors potentially benefiting the Saudi market which has dozens of companies seeking approval to list shares locally.
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