Saudi Arabia will open its $532 billion stock market to direct foreign investment on June 15, allowing qualified foreign institutions to buy shares from that date, the Capital Market Authority said on Thursday.Final rules covering the opening of the market will be published on May 4, the regulator said in a brief statement.Read MoreOPEC: Rivals’ oil supply growth will slowAFP […]
REUTERS/Fahad ShadeedSaudi shares will finally be open to world investors.
The Saudi stock will open up to foreign investors for the first time in its history this April, according to three Bloomberg sources. The long-awaited liberalization was announced in the summer, but authorities refuse to put a solid date on the move.
It’s worth just shy of $500 billion, and until now, international […]
by John GaltMarch 2, 2014 14:30 ETTo say the crisis is being played up in Europe is one thing but the reaction of the first stock markets to open since the Russian invasion of the Ukraine was muted at best, irrelevant to even the most seasoned observer. First up for review is the Abu Dhabi General Index moving quietly down […]
