Saudi Arabia to Open Stock Market to All Foreign Investors

The move abolishes qualification requirements, aiming to draw more global capital into the market, which underperformed last year.

A view of the board at the stock exchange in Riyadh, Saudi Arabia, on Dec. 12, 2019. Fayez Nureldine/AFP via Getty Images

Saudi Arabia will open its stock market to all foreign investors, scrapping remaining restrictions in its latest move to boost capital inflows into the Gulf kingdom.

Starting Feb. 1, all categories of foreign investors will be allowed to invest directly in the main market under a new regulatory framework approved on Jan. 6, Saudi Arabia’s Capital Market Authority (CMA) said in an statement.