On 4 May 2015, the Saudi Capital Market Authority announced that the rules for qualified foreign investors (QFI) to invest in the Saudi Stock Market have been finalized and will be effective 1 June 2015. The Stock Market is planned to open to foreign investment on 15 June 2015.
QFI Conditions
The general conditions to register as a QFI include that the applicant must:
- Be a financial institution with a legal personality which falls within one of the following types:
- Banks;
- Brokerage or se…