Saudi Arabia will open its stock market to foreign investors on June 15, 2015, a much-anticipated move that’s likely to bring several institutional benefits to the country in the medium term, including more transparency and better portfolio management. It will also give foreign investors direct access to the 150-plus companies listed on Tadawul, the Saudi…

In late July, Saudi Arabia announced to open its US$570 billion equity market to foreign institutions in early 2015. The market reacted positively as previous announcements were only of intent; this time the Council of Ministers gave their formal approval and asked the Capital Markets Authority to design guidelines and criteria for foreign investors. At…