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Saudi Arabia to open stock market to foreigners on June 15

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 […]

REPORT: Saudi Stock Exchange To Open To Foreign Investors In …

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 […]

Saudi Arabia's $530 Billion Stock Market Will Open to Foreign …

Fast FeedSaudi Arabia’s $530 Billion Stock Market Will Open to Foreign InvestorsStarting next year, foreigners can tap into the Kingdom’s flush bourse.
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Saudi Arabia is opening its $530 billion stock market to foreign investors for the first time in a move meant to shift its economy away from dependence on oil revenue. News of this expansion, slated for the first […]