Tadawul trading screen
Bloomberg reported that JPMorgan expects Saudi Arabia to attract about $10.6 billion in investment if it raises the foreign ownership limit in listed companies from 49% to 100%. 
Pankaj Gupta, JPMorgan analyst, said Al Rajhi Bank would benefit most, potentially drawing $6 billion, followed by the National Commercial Bank (NCB) and Alinma Bank.
EFG Hermes projected Saudi equities could attract roughly $10 billion in dormant capital if the foreign ownership cap is increased.
Bloomberg noted that the Capital Market Authority (CMA) is moving to allow foreigners to hold majority stakes in domestic companies.
Abdulaziz bin Hassan, CMA board member, said the CMA is close to approving a major amendment to raise the foreign ownership limit, currently at 49%.
Tadawul trading screen
Bloomberg reported that JPMorgan expects Saudi Arabia to attract about $10.6 billion in investment if it raises the foreign ownership limit in listed companies from 49% to 100%.
Pankaj Gupta, JPMorgan analyst, said Al Rajhi Bank would benefit most, potentially drawing $6 billion, followed by the National Commercial Bank (NCB) and Alinma Bank.
EFG Hermes projected Saudi equities could attract roughly $10 billion in dormant capital if the foreign ownership cap is increased.
Bloomberg noted that the Capital Market Authority (CMA) is moving to allow foreigners to hold majority stakes in domestic companies.
Abdulaziz bin Hassan, CMA board member, said the CMA is close to approving a major amendment to raise the foreign ownership limit, currently at 49%.
