Tag Archives: Saudi Arabia capital market

May 14, 2015

A Big Step Forward for Saudi Arabia’s Equity Market

On May 4, 2015, the Saudi Arabian Capital Market Authority (CMA) released the “Rules for Qualified Foreign Institutions Investment in Listed Shares,” or the QFI program, setting the stage for institutional investors based outside of the Gulf Cooperation Council (GCC) to make direct investments in Saudi Arabian equities for the first time.  Although additional steps…

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