The Council of the Capital Management Council approved a number of amendments in order to promote the procedures for opening investment accounts for a number of investors customers, including opening an investment account for an individual (natural) individual individual investor living in one of the countries of the Cooperation Council for the Arab states of the Chief. Their publication.
The adoption of this organizational structure was achieved in order to keep up with organizational and technical events in the kingdom and promoting investment in the financial market of Saudi Arabia, by developing procedures for opening and operating investment accounts, as well as the new groups of investors, as well as the organization that manifest itself in these accounts. This.
The most noticeable basic elements that were accepted are the development of requirements for opening an investment account for an individual (natural) foreign investor living in one of the countries of the Council for Cooperation for the Gulf of Arabic, and expanding the sector of securities in which he can invest directly to include shares included in the main market, since its presence was limited to this dependent on the market Debt instruments, market market for etc., in the market for moving values, in the market, in the market, in the market, in the market, in the market, in the market, in the market, in the market, in the market, in the market, in the market.
While his circulation in the main market was conditional in investment contracts, as if he were the final beneficiary thanks to the exchange agreement built at the Institute of Financial Market, or as if he were a client of the financial market institutions that make investment decisions on its behalf, which is an accreditation that will add a new group of investors to the shares, transferred in the main market.
This adds to this category new securities in its investments in the financial market of Saudi Arabia, which will contribute to attracting more foreign investments in the financial market of Saudi Arabia, increasing liquidity in it and increasing support for the local economy.
The amendments approved for a foreign investor who previously lived in the Kingdom of Saudi Arabia or in one of the countries of the Council for Cooperation for the Gulf of Arabic also allows us to continue to manage their investment account and invest in shares listed in the main market, even after his residence and his return to his country, provided that he had previously opened an investment account in the kingdom.
In addition, the amendments are aimed at facilitating the procedures for opening and operating investment accounts for a number of categories of financial market institutions.
