On 2 September 2020, SAU CMA allowed foreigners to directly invest in debt.
- SAU CMA board issued a decision dated 12 August 2020, allowing resident and non-resident foreigners to invest directly in listed and non-listed debt instruments.
- As part of efforts to align its regulatory requirements with international best practices.
- Allowed all foreign legal and natural persons, to invest directly in debt instruments.
- Non-resident foreigners cannot simultaneously invest as direct investors in listed debt instruments and as qualified foreign investor/ultimate beneficiary in swap agreements.
- Foreigners investing directly in debt instruments cannot convert them to shares listed in main market, unless in category of investors who can invest directly in main market.
- Or unless the foreigner becomes an ultimate beneficiary in a swap agreement.
Foreign Investor Guide
- CMA issued a guide on the investment channels available for non-resident foreigners.
- As well as methods of investing in listed securities, procedures for opening accounts.