Saudi Arabia has recently made announcements concerning both resident and non-resident foreigners which will enable them to be able to invest in both listed and non-listed debt instruments.
It is hoped that this will open up its capital markets and therefore boost growth in the private sector in an attempt to widen the country’s economic growth to reduce its dependence on the oil industry.
The main stock exchange in Saudi only opened to foreign investors in 2015 and this is the latest in a string of reforms aimed at attracting foreign capital.
Whilst the requirements are not straight forward the Capital Market Authority are preparing a guide to clarify all investment channels available for non-resident foreign investors in an attempt to bring clarity and therefore make its markets more attractive to foreign investment.
