2012-01-25 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Tadawul market index in Riyadh edged 0.10% higher to close at 6,466.54 points, as losses in bellwether Sabic (down half a per cent at SR91.75) weighed on the gauge. According to new regulations by the Saudi Arabian Capital Market Authority (CMA), foreign companies are to be allowed to list securities on the Arab world's biggest bourse, fuelling speculation the country may completely open to foreign investors, Reuters Thomson has reported. Under the new rules, securities on another exchange with comparable listing rules to those in Saudi Arabia can apply for a dual listing in the kingdom. The Kingdom currently does not allow foreigners to directly own shares in Tadawul listed companies. The government allowed citizens of neighbouring GCC states to trade in shares in 2007.  

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