The Capital Market Authority’s (CMA) Chairman, Mr. Mohammed El Kuwaiz, has announced that foreign investors will now be permitted to partake in a portion of the Kingdom’s stock market. Starting in January of 2018, investors will have access to Saudi-based initial public offerings (IPO) and the NOMU parallel market, a secondary equity market designed to help small and medium-sized companies. The announcement is a part of CMA’s efforts to open up its capital market and meet the goals of Vision 2030.
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