You are here: Home » International » News » Markets
Business Standard

Saudi market regulator loosens asset management rules

The revisions will reduce requirements for obtaining a 'management activity' licence

Reuters 

stock-market

Saudi Arabia’s regulator loosened its rules for and other investment firms on Sunday, according to a presentation by senior officials at the (CMA). 

The revisions will reduce requirements for obtaining a “management activity” licence, aiming to boost the number of asset managers in the kingdom and increase private equity and venture capital investments, the officials said.

First Published: Mon, October 02 2017. 04:23 IST
RECOMMENDED FOR YOU