Saudi Arabia Takes Steps To Boost Capital Markets Trading

The Saudi Arabian authorities have been looking for some time to boost capital markets trading and this month took important steps in that direction. Laws have been changed to allow foreign companies to list securities on the local bourse (Tadawul) and the kingdom is planning to allow foreign ownership of domestically traded stocks later this year. The government has also issued a SR15bn ($4bn) sukuk, MENA’s largest, in an...