Saudi Arabia Qualified Foreign Institutions

listed company: Previously, each QFI together with its affiliates could only own a maximum of 5 percent of the shares of any listed company, according to Euro News. To qualify as a QFI, foreign institutions will now only need to have a minimum 3.75 billion riyals of assets under management, rather than 18.75 billion riyals as previously, the CMA said. Each investor under Saudi Arabia Qualified Foreign Institutions scheme, which allows foreign institutions to buy stocks directly, will be allowed to own a stake of just under 10 percent of a single company, the CMA said. The new rules and their effective date will be published by the end of the first half of 2017, it added. Copyright 2016 Reuters. The CMA said it had also approved the introduction of securities lending and covered short-selling to the market, with regulations for that to be issued before the end of the first half of 2017. euronews provides breaking news articles from Reuters as a service to its readers, but does not edit the articles it publishes. (news.financializer.com). As reported in the news.