Daily Archives: May 27, 2004

Foreign ownership of Saudi shares studied

RIYADH, May 26 – A senior investment expert said here that the Ministry of Commerce in Saudi Arabia is considering the potential for non-GCC ownership of Saudi shares, keeping in mind the flow of inter- national capital to the Saudi market and increased interest from foreign investors. Saudi policy makers have observed the success of Thailand, Indonesia and Malaysia who have committed, slowly but surely, the foreign ownership of domestic shares. however, in the case of the Kingdom, this may be restricted to limited foreign ownership of Saudi shares in the initial stages.

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