Thursday, October 2, 2025
Saudi Arabia Stock Market Reform: CMA Plans Full Access for Foreign Investors
The Capital Market Authority (CMA) in Saudi Arabia has released a draft proposal to allow all non-resident foreign investors to invest directly in the Saudi Main Market without restrictions.
The consultation period for this proposal will last 30 days and end on October 31, 2025.
The goal of the draft is to expand and diversify the investor base, bring in more capital, and increase market liquidity. Trending: Saudi Arabia launches initiative to correct Huroob status
If approved, the plan will remove the Qualified Foreign Investor (QFI) system and end swap agreements. This means foreign investors will have full access to buy shares listed on the Main Market.
Foreign investors were holding SR528 billion in Saudi assets by the conclusion of the second quarter of 2025. The Main Market saw SR412 billion, a growth of 471% from SR72 billion in 2015.
The CMA expects the proposed changes to attract even more foreign investment.
This step is part of Saudi Arabia’s gradual move to open its capital market.
In July 2025, the CMA already approved easier account-opening procedures for certain foreign investors, such as those living in GCC countries or those who previously lived in the region.
The CMA confirmed that all feedback will be reviewed before making the final amendments. This reflects its commitment to improving regulations and making the Saudi market a top global investment hub. Most Viewed: Saudi Arabia launches 4th phase of domestic worker salary transfer
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| Saudi Arabia Stock Market Reform CMA Plans Full Access for Foreign Investors |
