Saudi Arabia: Measures announced to encourage foreign investment – BBH

By FXStreet Research Team at BBH, notes that the Saudi Arabia announced some measures to encourage foreign investment.

Key Quotes

“It cut the required amount of assets under management needed to invest directly in the stock market to SAR3.75 bln ($1 bln) from SAR18.75 bln. The effective date of the change will be published by the end of the first half of 2017.

Separately, the Saudi stock exchange said it will amend its settlement cycle for share trading to T+2, which brings it into line with European standards. The moves may help Saudi Arabia get included in major equity indices, such as MSCI.”
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Source:: FX Street