Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Thursday approved allowing non-resident foreign investors to invest directly in the Nomu-Parallel Market starting from the first of January 2018.
The CMA’s decision includes approval of the guidance note for the non-resident foreigners’ investment in Nomu, according to a statement to the Saudi Stock Exchange (Tadawul).
The Saudi body concluded that this decision is a part of its strategy to develop its capital market, and attract more foreign investors, in line with the Saudi Vision 2030.
