Saudi Arabia will let foreigners take stakes in local companies
Bloomberg Televisionยท2025-09-25 06:00
Saudi Arabia is set to allow foreigners to own majority stakes in local companies. Currently, there is a cap of 49% for listed companies. Bloomberg Saudi Arabia bureau chief Christine Burke joins us now from Riad.Christine, what do we know about this. It seems to be a really major development. Yeah, Jamaat, this is really a big step.So we had an opportunity to sit down exclusively with the CMA and we asked them point blank when will regulators lift this majority foreign ownership rule that has been in place ...