The Saudi stock market jumps 5% after news of raising the percentage of foreigners
The main Saudi stock market index witnessed ( Tassi ), a strong leap today, Wednesday, amid news of news stating the possibility of raising the restrictions imposed on foreigners’ ownership of the majority of the majority in Saudi companies. "Bloomberg" The regulatory authorities may soon allow foreigners to own a majority. Almost all sectors rose, led by bank shares by a record rate of 9%. "GB Morgan Chase and Co." A possible capital flow worth 10.6 billion A dollar If the Capital Market Authority raises the limit of foreign ownership of shares to 100% of its current level of 49%, Hermes also expects about 10 billion dollars. "Drain Al -Rajhi " The biggest beneficiary of any new flows, as it will attract between 5 billion and 6 billion dollars. "GB Morgan"That the Saudi National Bank and"Development Bank" They will be the other two main winners.
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