Author Topic: a daughter  (Read 781 times)

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a daughter
« on: April 03, 2013, 02:07:26 pm »
A: While the first criteria of economic development does not apply for frontier and emerging markets, the GCC countries do make it to the second criteria concerning size and liquidity requirements. However, it fails in the third criteria especially concerning the openness to foreign ownership and operational framework. GCC countries have strict limits for foreign ownership (FOL) and foreign room level (e.g., Saudi Arabia permits foreign ownership only through certain swap transactions and ETF’s). There have been signals from Saudi authorities to gradually open up but guessing the timing is hazardous. In UAE and Qatar, listed companies in general are subject to a foreign ownership limit of 49 percent and 25 percent respectively, but companies may choose to set a lower limit,Louis Vuitton Outlet Online. Even though some large companies permit higher foreign holding,cheapcelinebag.webs.com, their current ownership is low mainly because of higher government/promoter ownership leading to lower free float The situation is relatively better in Kuwait where current CMA rules allow 100 percent foreign ownership in all sectors except banks. In Oman, companies are subject to 70 percent foreign ownership limit but companies can choose to set a lower limit. Bahraini companies in general are subject to a 49 percent foreign ownership limit but some companies are either fully open or fully closed to foreign investments.
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