(MENAFN- Saudi Press Agency) The Capital Market Authority said in a press statement today that the rules governing the investment of qualified foreign financial institutions in listed shares issued last 4th of May consisting of 29 items allow approved qualified foreign investors and their agents to practice all rights associated with listed shares owned by them, including trading of priority rights.
The authority added that accordance to the rules, the registration applications of qualified foreign institutions will be received through licensed assessed persons: (financial institutions licensed by Capital Market Authority to practice dealing activity) and authorized persons referred to will be responsible to submit the application to the authority to register investor to be a qualified foreign investor effective from the date of registration at Capital Market Authority.
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