Saudi Arabia to allow majority foreign ownership in public companies

Saudi Arabia is about to let foreigners own more than half of any listed company on its main exchange, a move that breaks a rule that’s been in place for decades. The Capital Market Authority is now finalizing changes that would lift the current 49% cap on foreign ownership. The man confirming it is Abdulaziz […] source: https://www.cryptopolitan.com/saudi-majority-foreign-ownership-stakes/