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Interview: Saudi bourse adjusts rules to attract foreign funds, ease Aramco IPO

Reuters  |  DUBAI 

By Andrew TorchiaDUBAI (Reuters) - Saudi Arabia's stock exchange is adjusting its rules to make it easier for foreign investors to trade - steps that may help the bourse absorb a huge IPO by oil giant Saudi Aramco this year, the exchange's chief executive said on Wednesday."These changes are required by the growth of the market and what international institutions tell us," Khalid al-Hussan said in a telephone interview from Riyadh.Trading limits will be made more flexible for the exchange's independent custody system, Hussan said. The system allows foreign investors to use a global custodian ...

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First Published: Wed, January 10 2018. 18:52 IST