Clifford Chance

Saudi Arabia opens public consultation on its QFII Rules for direct foreign ownership of Saudi listed shares

25 August 2014

In a move designed to encourage direct foreign ownership of Saudi listed shares, the Capital Market Authority of Saudi Arabia (the CMA), has opened a consultation through the publication of Draft Rules for Qualified Foreign Financial Institutions Investment in Listed Shares (the Draft Rules). In this briefing, we summarise and discuss the main aspects of the Draft Rules and highlight some of the key areas that authorised persons and foreign investors need to consider during the consultation period.

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