Saudi Arabia To Open Up Stock Market To Foreigners – ValueWalk Premium

Saudi Arabia To Open Up Stock Market To Foreigners

Saudi Arabia, seeking to diversify its economy from oil, is opening its stock market to sophisticated, well-healed investors for the first time, Bloomberg reports.

The kingdom’s Capital Market Authority (CMA) is seeking $509 billion in investments from sophisticated foreign investors with a minimum of five years experience and $5 billion in assets under management, although certain exemptions could be made for . . .

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