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19 August 2016

Saudi Arabia announces expansion of capital market for qualified foreign institutional investors

The Saudi Arabian Capital Market Authority (CMA) Board has approved the final version of amended rules for Qualified Foreign Financial Institutions Investment in listed securities, which will be effective from September 4. The current rules for Qualified Foreign Investors in listed shares shall continue to be effective until the effective date of the new rules.

A Tax Alert prepared by EY's Global Tax Desk Network, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2016-1423

Document ID: 2016-1423

 

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