#CMA
Residents of Gulf Cooperation Council (GCC) countries, including expatriates, can now invest directly in Saudi Arabia’s main stock market for the first time, following amendments announced by the Capital Market Authority (CMA) on Thursday, 10 July. Previously, foreign individuals residing in GCC countries were only allowed to invest in limited sectors, such as debt instruments, investment funds, derivatives, and the parallel market known as Nomu, a secondary exchange designed for smaller and growing companies. The updated regulations, part of a…
