Muhammad Al-Quwaiz, Chairman of the Capital Market Authority
Muhammad Al-Quwaiz, Chairman of the Capital Market Authority, mentioned that the subsequent stage after canceling the certified overseas investor system and opening the principle market to all classes of non-resident overseas buyers, can be to evaluation the overseas possession limits, that are at the moment set at 10% for one investor and 49% as a complete proportion of overseas possession.
Al-Quwaiz defined in a session on the Personal Capital 2025 Convention that these limits are the final remaining restrictions for worldwide buyers.
He said that the asset administration business within the Kingdom has grown at an annual fee of roughly 20% over the previous 5 years, bringing the quantity of managed property to exceed 1.2 trillion riyals.
He identified that development was significantly concentrated in the true property sector, along with enterprise capital and personal financing, which witnessed greater than 10-fold development throughout the identical interval.
