Middle East Economic Survey


No 52


Saudi Arabia Plans To Open Stocks To Foreign Investment

Saudi Arabia plans to open up its stock market to allow foreign ownership and has already conducted some trial trading, MEES understands. The kingdom has been mulling such a move for some time and foreign participation may be ushered in as early as the first half of next year. A study on the subject has been distributed to those holding brokerage licenses (called authorized persons)...