Protecting the Rights of Local Shareholders under the Saudi rules for Qualified Foreign Financial Institutions Investments in Listed Shares

Almutairi, Abdullah Mushkus (2017) Protecting the Rights of Local Shareholders under the Saudi rules for Qualified Foreign Financial Institutions Investments in Listed Shares. PhD thesis, Victoria University.

Abstract

Recently, the Saudi Capital Market Authority (CMA) opened the door for foreign investors to invest directly in the stock exchange market (Tadawul) to gain more welfare from their investments. Along with this step, the CMA released a set of Rules for Qualified Foreign Financial Institutions Investments (RQFFII) in Listed Shares 2015 that aimed to attract and protect the shareholders' rights. In this research project, the RQFFII have been examined to discover the level of attraction that these Saudi rules offer to foreign investment. The project also aimed to highlight strengths and weaknesses in the rules with regard to the protection shareholders' rights. This thesis explored the possible influence of foreign investments in the Saudi stock exchange. The research project aimed to increase the CMA and shareholders' awareness and knowledge in regard to these rules which lead to more protection of the local stock exchange.

Item type Thesis (PhD thesis)
URI https://vuir.vu.edu.au/id/eprint/35975
Subjects Historical > FOR Classification > 1503 Business and Management
Historical > FOR Classification > 1801 Law
Current > Division/Research > College of Law and Justice
Keywords regulations, stock exchanges, stock markets, stocks, foreign investors, finance, securities, stakeholders, corporate governance, Islamic law, capital markets, company law, corporate law, corporations, companies, Saudi Arabia, Australia, GCC countries, Gulf Countries Council
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