Foreign ownership of private company shares in Saudi Arabia is subject to the Foreign Investment Law and regulated by the Saudi Arabian General Investment Authority (SAGIA). Saudi Arabia maintains a Negative List that tabulates sectors not open to foreign investment ( visit SAGIA site and check the Negative List). However, most sectors are open to foreign investment provided the foreign acquirer obtains a foreign investment licence. SAGIA has an instant licence regime and investors can apply online for an immediate licence if they meet certain criteria published by SAGIA.
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