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Saudi market regulator loosens asset management rules


The revisions will reduce requirements for obtaining a "management activity" license, aiming to boost the number of asset managers in the kingdom and increase private equity and venture capital investments, the officials said.

The revisions will reduce requirements for obtaining a "management activity" license, aiming to boost the number of asset managers in the kingdom and increase private equity and venture capital investments, the officials said.

RIYADH: Saudi Arabia's markets regulator loosened its rules for licensing asset management and other investment firms on Sunday, according to a presentation by senior officials at the Capital Market Authority (CMA).

The revisions will reduce requirements for obtaining a "management activity" license, aiming to boost the number of asset managers in the kingdom and increase private equity and venture capital investments, the officials said.

Corporate News , Markets

   

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