Saudi to open stock market index funds to foreigners
Effort will see the Arab world’s biggest bourse open to outside investors by the end of the month.
March 14, 2010 10:14 by kippreport
Saudi Arabia plans to launch stock market index funds accessible to foreigners by the end of March, according to a report in business daily al-Eqtisadiah quoted by Reuters.
“We want to study experiences of many countries, which have allowed foreign investment in an organized way,” Abdulrahman al-Tuwaijri, head of the Capital Markets Authority (CMA), told the newspaper.
Previously foreigners could only invest in the Saudi market through selected funds, but a move to open up the market has long been anticipated.
More on GCC
-
Saudi government websites targeted
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
-
Abu Dhabi says financial zone will bridge a gap
-
Five dead from new SARS-like virus in Saudi
