Saudi boosts market monitoring to boost transparency-continued

February 23, 2012--Saudi Arabia: Saudi Arabia's Capital Market Authority (CMA) has adjusted stock ownership guidelines in a bid to boost transparency, as the Middle East's biggest bourse takes steps toward opening up to direct foreign investment, Reuters has reported.
Under the new guidelines, the actual owner of the stock will now be identified, which will help the regulator impose ownership limits when the market eventually opens up, using the Qualified Foreign Institutional Investor (QFII) route.

Source: AME Info


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