Saudi Arabia will increase the maximum percentage that a single foreign investor can own in a Saudi-listed company from just under 5pc to just under 10pc from 15 June. The new measures raise the ceiling of combined group foreign ownership of any Saudi-listed company from 10pc to 49pc. The changes appear to be aimed at funnelling foreign capital into the Saudi stock market to boost liquidity before a planned initial public offering of up to 5pc in state-owned Saudi Aramco.
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