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ARTICLE · 30 NOVEMBER 2018

Saudi Arabia Update - November 2018

Welcome to our monthly update which provides a recap of recent legal developments, including finance and capital market developments ...

Saudi ArabiaStrategy

Welcome to our monthly update which provides a recap of recent legal developments, including finance and capital market developments, as well as updates on new legislation in the Kingdom of Saudi Arabia. This update is not an exhaustive list of all new developments and legislation, but a summary of topical developments that we feel may be significant for clients. 

Legal developments

Reforms to the Negatives List open more sectors to 100% foreign ownership

With foreign investment and privatization a priority, recent reforms have introduced a relaxation in the SAGIA regulations restricting sectors open to 100% foreign ownership. The end of October saw the removal of the following sectors from the SAGIA Negatives List:

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