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Saudi sets ownership caps as $575 billion bourse opens to foreigners

Last Updated: Monday, May 4, 2015, 23:40

Foreign investors can own no more than 10 percent of Saudi Arabia`s stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month.

Govt should have clarified on past MAT dues on FIIs: Experts

Last Updated: Friday, May 1, 2015, 17:28

Finance Minister Arun Jaitley's announcement of MAT exemption on certain incomes of foreign firms was a relief but the government should have clarified on the tax treaty benefits for past dues, tax experts said on Friday.