Saudi Arabia's Capital Market Authority has further tightened its restrictions on anonymous investors trading shares through brokers in a bid to prevent money laundering and financing of militant groups, Reuters reports.
Ultimately, Jadwa sees Saudi Arabia's Capital Market Authority (CMA) taking its cue from the China Securities Regulatory Commission's opening of the Shanghai Stock Exchange in 2003.
Leone Lakhani and Alanna Petroff write in CNN Money that Saudi Arabia is the "next big emerging market" following the announcement of the TASI opening to foreign investors.
The recent announcement that the Saudi Stock Market will open to foreign investors is causing a surge in the market for investors, according to a report in Bloomberg:
The ninth five-year plan of Saudi Arabia will once again miss its most important target: unemployment reduction, rendering economic planning a fruitless exercise.
As a reflection of the economic opportunities and friendlier investment environment, Saudi Arabia received about 40% of the foreign investments flowing into the Arab region and the volume of its foreign direct investment (FDI) has reached about $199 billion.
Saturday marked the 9th anniversary [on the Islamic calendar] of Custodian of the Two Holy Mosques King Abdullah’s accession to the throne and pledging of allegiance to him.
