Saudi Arabia’s stocks have jumped by over 5% to record their biggest rise in 5 years after reports on removing the 49% cap on foreign ownership of listed firms.
The Tadawul All Share Index saw $3.86 billion in trades, which is nearly a 200% increase on the 90 day average.
The change is expected before 2025 and could attract more than $10 billion in foreign investment to the Kingdom’s markets.
Record Saudi Arabia’s Stocks Rise
