IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 23 Jan 2018 | Removal date: open ended
Still in force

FDI: Entry and ownership rule

The Capital Market Authority on 9 January 2018, announced that as of 23 January 2018, the following liberalising measures concerning Qualified Foreign Investors (QFIs):

  • The minimum value of assets (under global management) that are required for every asset manager to be qualified as a QFI in Saudi Arabia has been reduced from USD 1 billion USD 500 million.
  • The Capital Market Authority will for the first time qualify the affiliates of QFIs or foreign portfolio managers and their managed funds without the need for them to submit separate applications.
  • The Capital Market Authority also announced that it will ease some of the continuous obligations requirements on QFIs -- although the details concerning these easements are not specified in official sources. 

Qualified Foreign Investors are foreign investors who in order to invest in shares listed on the Saudi Stock Exchange are obliged to be registered with the Capital Market Authority (CMA) of Saudi Arabia.

 

AFFECTED COUNTRIES

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