by Staff Writer

More of this topic

Posted inMarkets

Saudi Arabia to open secondary market to foreign investors

Non-resident foreign investors to invest directly in NOMU from January 1

by Staff Writer
Saudi Arabia’s market regulator, the Capital Market Authority (CMA), plans to open their secondary market, NOMU to foreign investors starting from January 1, it said on Thursday.
Saudi Arabia’s market regulator, the Capital Market Authority (CMA), plans to open their secondary market, NOMU to foreign investors starting from January 1, it said on Thursday.

Saudi Arabia’s market regulator, the Capital Market Authority (CMA), plans to open their secondary market, NOMU to foreign investors starting from January 1, it said on Thursday.

This means that non-resident foreign investors no longer have to meet stringent requirements to qualify as foreign institutional investors, and will be able to invest directly in the Parallel Market the CMA statement said.

The CNA said the new policy is a continuation of its efforts to regulate and develop the capital market, to make it more attractive to foreign investors.

It will also advance the goals of the country’s transformative Vision 2030, it said.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.