Overseas investors in the Saudi Arabian stock market will face restrictions including a 20 per cent ceiling on combined foreign ownership of any listed stock, a major Saudi newspaper reported on Tuesday.
The CMA said it would publish draft regulations for the reform in August, before a 90-day public consultation period.
Also, "foreign funds will not be permitted to hold more than 10 per cent of the market value of Saudi stocks", the newspaper said without elaborating.
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OCTOBER 31, 2014
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