Saudi Arabia will allow foreign investors to expand their trading activity across its capital markets and continue trading even if they leave the Gulf, as the kingdom seeks to expand its investor base.
Individual foreign investors residing in the six-nation Gulf region can now invest in shares of listed companies on the main Saudi stock market, or Tasi, the Capital Market Authority (CMA) said in a statement on Monday.
This compares to the previous limitation of their securities activity on the debt instruments market, investment funds, the derivatives market and the parallel market known as Nomu. Saudi Arabia opened its stock exchange to Gulf residents in July, a move expected to help attract more foreign direct investment into the Arab world's largest bourse.
"Furthermore, trading in the main market was previously restricted to being a final beneficiary under a swap agreement with a capital market institution or as a client of a capital market institution that made investment decisions on their behalf," the CMA said.
Also, foreign investors who had previously resided in Saudi Arabia or any of the Gulf nations will now be allowed to continue operating their investment accounts and investing in listed shares on Tasi even after their residency has ended and they have returned to their home country, the CMA said.
These investment activities will be permitted provided investors were able to open an investment account in the kingdom, it added.
“These enhancements are part of the authority’s continued efforts to create a transparent and accessible investment environment for both local and international participants," said Abdulaziz Almojel, deputy for strategy, research and international relations at the CMA.
"By facilitating account procedures and broadening investor eligibility, we are strengthening the foundations of the Saudi capital market and reinforcing our role as a forward-looking regulator supporting national economic development."
Saudi Arabia continues to strengthen its economic agenda by rolling out several initiatives that underpin its diversification programme. The kingdom's real gross domestic product growth is expected to accelerate to 3.9 per cent in 2026, according to the International Monetary Fund, supported by the Opec+ production cut phase out schedule.
Saudi Arabia’s non-oil private sector gained further momentum in September, growing at its fastest pace in six months, according to the latest Riyad Bank Saudi Arabia Purchasing Managers Index by S&P Global.
Additionally, the kingdom has awarded contracts worth $196 billion to develop its commissioned giga projects, up 20 per cent on 2024, with the increase driven by real estate and infrastructure work amid a shift from planning to execution.
Liverpool's all-time goalscorers
Ian Rush 346
Roger Hunt 285
Mohamed Salah 250
Gordon Hodgson 241
Billy Liddell 228
MATCH INFO
Fixture: Thailand v UAE, Tuesday, 4pm (UAE)
TV: Abu Dhabi Sports
SCORES
Yorkshire Vikings 144-1 in 12.5 overs
(Tom Kohler 72 not out, Harry Broook 42 not out)
bt Hobart Hurricanes 140-7 in 20 overs
(Caleb Jewell 38, Sean Willis 35, Karl Carver 2-29, Josh Shaw 2-39)
UAE currency: the story behind the money in your pockets
The specs
Engine: Direct injection 4-cylinder 1.4-litre
Power: 150hp
Torque: 250Nm
Price: From Dh139,000
On sale: Now
MATCH INFO
Karnataka Tuskers 110-5 (10 ovs)
Tharanga 48, Shafiq 34, Rampaul 2-16
Delhi Bulls 91-8 (10 ovs)
Mathews 31, Rimmington 3-28
Karnataka Tuskers win by 19 runs
Who was Alfred Nobel?
The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.
- In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
- Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
- Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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Emergency phone numbers in the UAE
Estijaba – 8001717 – number to call to request coronavirus testing
Ministry of Health and Prevention – 80011111
Dubai Health Authority – 800342 – The number to book a free video or voice consultation with a doctor or connect to a local health centre
Emirates airline – 600555555
Etihad Airways – 600555666
Ambulance – 998
Knowledge and Human Development Authority – 8005432 ext. 4 for Covid-19 queries
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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Canada
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Singapore
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Australia
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Saudi Arabia
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South Korea
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The specs
Common to all models unless otherwise stated
Engine: 4-cylinder 2-litre T-GDi
0-100kph: 5.3 seconds (Elantra); 5.5 seconds (Kona); 6.1 seconds (Veloster)
Power: 276hp
Torque: 392Nm
Transmission: 6-Speed Manual/ 8-Speed Dual Clutch FWD
Price: TBC
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
The specs: 2018 Jaguar E-Pace First Edition
Price, base / as tested: Dh186,480 / Dh252,735
Engine: 2.0-litre four-cylinder
Power: 246hp @ 5,500rpm
Torque: 365Nm @ 1,200rpm
Transmission: Nine-speed automatic
Fuel consumption, combined: 7.7L / 100km
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Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Afghanistan squad
Gulbadin Naib (captain), Mohammad Shahzad (wicketkeeper), Noor Ali Zadran, Hazratullah Zazai, Rahmat Shah, Asghar Afghan, Hashmatullah Shahidi, Najibullah Zadran, Samiullah Shinwari, Mohammad Nabi, Rashid Khan, Dawlat Zadran, Aftab Alam, Hamid Hassan, Mujeeb Ur Rahman.
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