Hyderabad, Jan. 7 -- Foreign investors will now be permitted to access Saudi Arabia's capital market starting February 1, the Capital Markets Authority (CMA) announced on Tuesday, January 6, as part of its broader effort to attract international capital.

The country's financial markets regulator stated that the changes to existing stock market laws will help broaden and diversify the range of investors allowed in the main market, in turn supporting investment flows and improving market liquidity.

The amendments further eliminate the concept of "Qualified Foreign Investor," which had previously restricted direct market access to international institutions or companies that were required to meet certain size and experience standards.

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