Saudi Arabia may emerge as regional stock market hub
2/1/2012 1:10:55 PM
Saudi Arabia is taking far-reaching steps toward opening its equity market to foreign participation, allowing overseas companies to list their shares on the kingdom’s bourse and fine-tuning proposals to permit foreign direct investment in domestic stocks.
The moves, if they go through, could help turn Saudi Arabia into a stock market hub for the Gulf region, attracting new investment and reviving trading in the shares of regional companies that decide to cross-list on the actively-traded Saudi market.
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