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$40bn in foreign investment waiting to enter KSA market

July 27, 2014 6:20 am

Saudi Arabia’s Capital Market Authority (CMA) has said the government is keeping as much as $40bn of foreign investor capital waiting, as it decides which institutions can participate in the Arab world’s biggest stock exchange, Bloomberg has reported. The regulator said it will publish rules next month allowing participation for the first time by qualified foreign financial institutions starting in the first half of 2015.