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Saudi Arabia to ease restrictions on investing in foreign listings on Tadawul

The Capital Market Authority of Saudi Arabia is adopting amended rules for foreign companies listing on its stock exchange, known as Tadawul.

Under the revised rules published Oct. 6, all categories of foreign investors, whether resident or nonresident, will be able to buy shares of a foreign issuer listed on the main market, without facing the investment limits that apply to foreign investors in domestic companies.

The move is part of wider plans to diversify investment options for investors in Saudi Arabia and attract foreign listings on the Saudi bourse. The new rules may be amended further before they come into force on Jan. 1, 2020.