Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA)
Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA), said the abolition of the Qualified Foreign Investor (QFI) system will precede the adjustment of the current 49% foreign ownership limit, noting that these limits will be revisited next year.
Speaking at a panel discussionon the sidelines of the Future Investment Initiative (FII), EL-Kuwaiz explained that the move is part of the market regulator’s approved plan.
A decision on lifting the foreign ownership cap or raising it graduallywill depend on the results of a study, to be conducted.
Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA)
Mohammed El-Kuwaiz, Chairman of Capital Market Authority (CMA), said the abolition of the Qualified Foreign Investor (QFI) system will precede the adjustment of the current 49% foreign ownership limit, noting that these limits will be revisited next year.
Speaking at a panel discussionon the sidelines of the Future Investment Initiative (FII), EL-Kuwaiz explained that the move is part of the market regulator’s approved plan.
A decision on lifting the foreign ownership cap or raising it graduallywill depend on the results of a study, to be conducted.
