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معرض سيديرو للتطوير

Announcement from the Capital Market Authority regarding the rules governing the investment of qualified foreign financial institutions in listed shares

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<His Excellency the Chairman of the CMA Board of Directors extended his thanks and appreciation to His Highness the Custodian of the Two Holy Mosques, the Prime Minister, His Highness the Crown Prince, Deputy Prime Minister, His Highness the Deputy Crown Prince, Second Deputy Prime Minister and the Cabinet on the occasion of the Cabinet's approval for the Capital Market Authority to open the way for foreign financial institutions to buy and sell shares listed in the financial market, according to the rules set by the Authority in this regard. After completing the statutory procedures, the CMA will publish the draft (Rules Governing the Investment of Qualified Foreign Financial Institutions in Listed Shares) in order to seek the opinions and suggestions of all investors and interested parties on these rules during next month, God willing, for a period of 90 days. After receiving suggestions and opinions on these rules, the CMA will review them by the end of this year, verify the readiness of the Saudi Stock Exchange Company (Tadawul), and coordinate with the relevant government agencies before adopting these rules and working with them. Accordingly, the market will be opened for qualified foreign financial institutions to invest in listed shares during the first half of 2015, God willing.