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‎Saudi market may gain $10B if foreign ownership cap rises

‎Saudi market may gain $10B if foreign ownership cap rises

Tadawul trading screen

JPMorgan expects Saudi Arabia to attract about $10.6 billion in investment if the CMA raises the foreign ownership limit in listed companies from 49% to 100%, Bloomberg reported.

Pankaj Gupta, JPMorgan analyst, said Al Rajhi Bank will benefit most, potentially drawing $6 billion…

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