A report today in Bloomberg finds that Saudi Arabia’s Capital Market Authority has not provided clarity about how new rules permitting foreign investment in the Tadawul will square with existing rules preventing foreign access.
The report, written by Dana El Baltaji, Deema Almashabi, and Sarmad Khan for Bloomberg, says that investors “are no closer to understanding how the opening of Saudi Arabia’s stock market will work than they were in August, when the country published draft rules on the plan….The lack of clarity underscores the difficulty the world’s biggest oil exporter has in giving outsiders greater influence” in Saudi Arabia.
The report cites financial executives that have asked Saudi authorities for “more clarity on regulations around the mechanics of investing.”
[Read More from SUSTG: 5 Things to Know About the Saudi Stock Market Opening]
