For the first time, foreigners can now buy and sell shares in listed companies on the Saudi Arabian stock exchange.
It's the last of the grouping of the world's largest economies, the G20, to open up its market to foreigners. Until now, they were only able to indirectly buy shares and would only get the economic benefits.
Industry experts say Monday's move, that allows foreigners voting rights, could be transformative for the region as Saudi companies will be able to profit from the scrutiny and strategy of sophisticated international partners and overseas investment will help push forward the country's economic reforms.
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