ANNOUNCED AS TEMPORARYNo
Controls on commercial transactions and investment instruments
The Central Market Authority of Saudi Arabia on 18 October 2011, announced to the World Trade Organization that as of 16 March 2011 for the very first time, Authorized Persons will be allowed to enter into swap agreements with foreigners that are not residing within the Saudi jurisdiction. Foreigners can thus now enjoy indirect access to the Saudi stock exchange.
The term "Authorised Persons" refers to Saudi legal persons authorised by the Central Market Authority to operate in the national capital market.
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