Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is amending its rules in a bid to ease trading for overseas investors, said CEO Khalid Al Hussan, adding that this step could help the bourse to take in Saudi Aramco’s initial public offering (IPO) this year.
The amendments are necessary for boosting Tadawul and have come in line with the recommendations of the international institutions, Reuters on Wednesday reported, citing Al Hussan as saying.
Trading will be more flexible and foreign investors will be allowed to reach out to global banks for saving their assets instead of local lenders.
On Wednesday, Al Hussan stated that there are special accounts that were opened for more than 100 international financial organisations in the Kingdom.
Tadawul’s adjustments aim to attract further investments, improve efficiency, enhance investors’ security, and reduce risks in line with global standards.
