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Islamic Finance Briefing - Categorized | Capital Market (Equity, Mutual Funds), Islamic Law / Economics more

Saudi market opening to take ‘a while’ as conditions debated

Posted on 11 October 2012

The long-awaited opening of Saudi Arabia’s equity market to direct ownership by foreigners may take time as regulators sort out what conditions and qualifications should apply to people who are allowed to invest, according to a senior executive at Deutsche Securities Saudi Arabia.
Saudi Arabia — the largest, most liquid and yet least accessible stock market in the Arab world — is considering opening its stock market to foreign investors in a move that could help turn the local market into a regional trading hub. But when the kingdom will make its final decision on this proposal, which could earn Saudi Arabia the much-coveted MSCI emerging market status, remains uncertain………………………………………..Full Article: Source

 
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