Saudi Arabia’s Capital Market Authority (CMA) is considering relaxing a 49 perce...
RIYADH - Saudi Arabia’s Capital Market Authority is considering relaxing a 49 percent limit for foreign strategic investors in shares of listed companies due to increased demand, its chairman said on Thursday.
Local shares were incorporated into the FTSE emerging-market index in March and will join the MSCI emerging market benchmark later this year. The country’s Tadawul All-Share Index is up more than 18 percent year-to-date, one of the best performances in the region. The exchange will launch the country’s first index futures contracts in the second half of the year, Hussan added, allowing investors to take a view on the direction of the index without having to buy individual shares.
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