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Saudi Exchange Publishes Guidelines for Offering and Listing of Foreign Companies

The Saudi Exchange published its guideline manual for foreign companies offering and/or listing on its Main Market. While current capital markets regulations and rules in Saudi Arabia permit such offerings, the lack of a...more

Saudi Capital Market Authority Publishes Draft Rules for Qualified Foreign Financial Institutions Investment in Listed Shares

Following last month’s announcement by the Saudi Arabian Capital Market Authority (the CMA) of its proposal to permit participation by qualified financial institutions directly on the Kingdom’s stock exchange (the Tadawul),...more

Saudi CMA Publishes Draft Rules to Open Tadawul to Qualified Foreign Investors

Proposal brings the Kingdom’s robust stock exchange closer to major international financial institutions. Following on from last month’s announcement by the Saudi Arabian Capital Market Authority (the CMA) that it...more

Saudi Opens Market to Foreign Financial Institutions

In a long anticipated measure, the Saudi Council of Ministers (which is the highest authority in the Kingdom) issued a resolution on 21 July, 2014 authorizing foreign financial institutions to directly buy and sell stocks...more

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