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Capital Market Authority

Central Bank, CMA to supervise Saudi Arabia’s financial sector

Central Bank, CMA to supervise Saudi Arabia’s financial sector

Saudi Arabia's central bank will play a bigger role in the supervision of the country's financial sector as the kingdom weighs opening up its stock market to direct investments by foreigners.

January 29, 2012 3:58
 

Saudi to OK some foreign ownership of stocks

Saudi Arabia's plans to open up its stock market will limit direct foreign ownership to investors with at least $5 billion under management and allow each to hold a maximum 5 percent of a stock's issued share capital, two industry sources said.

December 10, 2011 4:21