Saudi Arabia Appoints Mazen Al-Sudairi to CMA, Reviving Hopes for Billions in Equity Inflows
Updated
Updated · Bloomberg · Aug 24
Saudi Arabia Appoints Mazen Al-Sudairi to CMA, Reviving Hopes for Billions in Equity Inflows
1 articles · Updated · Bloomberg · Aug 24
Summary
Mazen Al-Sudairi took over Saudi Arabia’s Capital Market Authority earlier this month, replacing Mohammed ElKuwaiz after nearly a decade as chairman.
The leadership change has lifted investor and banker expectations for further market liberalization, especially a long-awaited easing of foreign-ownership limits.
Any relaxation of those caps could draw billions of dollars into Saudi equity markets, reinforcing the kingdom’s push to deepen and open its capital markets.