Foreign investment would be limited to shares, convertible debt instruments, or both and would exclude “strategic foreign investors”
The implementing regulations setting out the FSA’s roles and responsibilities and other specific details are expected to be published soon
Clients will have a wide choice of investment solutions across asset classes, including the investment management firm’s $256bn global alternatives platform
The framework would be a process that is governed and regulated and a catalyst for increasing the free float of listed companies
The pharmaceutical firm said the final offer price will be determined following a January 14-18 book-building period
The market regulator invited participants in the capital market as well as relevant and interested persons to participate in a 30-day public consultation
The kingdom continues to be under-represented in the portfolios of emerging markets investors despite being the sixth index in the MSCI EM Index
Saudi Aramco is aiming to sell 50 million shares – a 29.7 per cent stake – in the company