03-05-2016 13:55 via news.yahoo.com

Saudi plans stock market reforms to draw foreign money

* Gulf stock markets: http://link.reuters.com/cun29t * Higher foreign ownership cap of 10 pct for single investors * Some other restrictions scrapped, requirements eased * Signals push for foreign money under economic reform plan * Could facilitate listing of Saudi Aramco * But little joy in stock market, impact to be slow By Andrew Torchia DUBAI, May 3 (Reuters) - Saudi Arabia announced a string of reforms to its stock market that could attract billions of dollars of fresh foreign money and smo
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