As per new rules, Saudi Arabia will allow foreigners and citizens who are not healthcare professionals to run hospitals and other medical institutions in the country.
A circular from the Capital Market Authority said the suspension was due to a case involving an unidentified firm and would stay in place until its conclusion.
The cabinet also issued directions to all government entities to revise policies in order to provide a nurturing environment for innovation in the country.
Saudi Arabia cut prices for crude sold to Asia in four of the past five months, part of its strategy in a fight for market share against non-OPEC producers.