Investability Will Define Saudi Arabia's Next Market Phase

Saudi Arabia has formally completed the liberalization of its equity market. In February 2026, the Kingdom removed the Qualified Foreign Investor framework, eliminating the final structural barriers that had limited direct foreign participation. International institutions can now invest without prior qualification structures, and swap-based access has been phased out.

But market access was never the ultimate determinant of foreign ownership. Investability is.

 

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