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Clifford Chance

Clifford Chance


Saudi Arabia plans to open its stock market to allow foreign investment

24 July 2014

On 22 July 2014, the Capital Market Authority of Saudi Arabia (the CMA) announced that the Saudi Arabian Council of Ministers had granted authority to the CMA to permit foreign financial institutions to buy and sell shares in companies listed on the Saudi Arabian Stock Exchange (Tadawul) and to prescribe the rules that will govern their access to the market

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