VOL. XLVII
No 12
22-March-2004
SAUDI ARABIA
CAPITAL MARKETS
Saudi Mobile Telephone Services Removed From Negative List
Mobile telephone services in Saudi Arabia have been removed from the so-called negative list of sectors out of bounds to foreign investors, Muhammad al-Suwail, governor of the kingdoms telecoms regulator, the Communications and Information Technology Commission (CITC), said on 1 March. Foreign investors will now be able to own shares in a joint stock company, which is to be...
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