Tadawul CEO says foreign investors to get licenses within weeks: Report

15/06/2015 Argaam

Qualified foreign investors (QFIs) will start getting licenses that will allow them to directly buy Saudi stocks within the next few weeks, Reuters reported, citing Tadawul CEO Adel al-Ghamdi.

 

“We have received six requests from major institutions,’’ he was quoted as saying. ‘’The first transaction by a QFI will take place today.’’

 

The kingdom’s $566 billion stock market opened its doors on Monday to foreign institutional investors.

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