CMA to reassess foreign ownership cap in 2026, says El-Kuwaiz

03:48 PM (Mecca time) Argaam
Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA)

Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA)

Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA), said the abolition of the Qualified Foreign Investor (QFI) system will precede the adjustment of the current 49% foreign ownership limit, noting that these limits will be revisited next year.

 

Speaking at a panel discussion on the sidelines of the Future Investment Initiative (FII), EL-Kuwaiz explained that the move is part of the market regulator's approved plan.
 
A decision on lifting the foreign ownership cap or raising it gradually will depend on the results of a study, to be conducted.

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