Saudi Arabia has taken a landmark step in opening its stock market to GCC citizens and expatriates, reinforcing its ambition to become the region's premier financial hub. With new regulatory reforms introduced by the Capital Market Authority (CMA), eligible investors can now directly access the Tadawul main market, eliminating previous barriers and expanding the scope for regional capital participation.
Saudi Stock Market Opens to Foreign Investors: What Changed?
In July 2025, the CMA announced a pivotal policy shift that allows both GCC nationals and expatriates (including former residents) to invest directly in Saudi-listed equities. Previously, access to the Tadawul was limited to Saudi nationals, GCC citizens, or institutional investors through mechanisms like swaps or funds. This reform is part of broader efforts under Vision 2030 to increase financial market depth, attract foreign capital, and elevate Saudi Arabia’s regional economic influence.
Why This Matters: Vision 2030 and Regional Financial Leadership
Saudi Arabia's Vision 2030 sets ambitious goals for economic diversification, with capital markets playing a central role. By broadening investor eligibility:
Market liquidity improves, making Tadawul more competitive regionally.
Transparency and trust increase through diversified investor profiles.
Foreign ownership rises, exceeding SAR 500 billion in Q1 2025 alone.
These reforms signal confidence, create depth in the financial ecosystem, and further cement Saudi Arabia’s position as a GCC investment magnet.
Who Can Now Invest?
According to CMA guidelines:
GCC Citizens (both resident and non-resident in Saudi Arabia)
Expatriates with Saudi residency (Iqama)
Former residents with verified accounts
Investors are now treated on par with nationals, allowing direct ownership of equities on the Tadawul’s main market.
Step-by-Step Guide: How to Invest in Saudi Stock Market
1. Check Eligibility:
You must be a GCC citizen, current or former Saudi resident, or hold a valid GCC residency permit.
2. Select a Licensed Brokerage:
Choose a CMA-authorised brokerage listed on the Saudi Exchange.
3. Submit Required Documents:
Valid passport or national ID
Residency documents (Iqama or GCC proof)
KYC and compliance forms
4. Open Your Investment Account:
Upon approval, your brokerage will issue a trading account.
5. Begin Trading:
Trade equities during TASI trading hours (Sunday–Thursday, 10:00–15:20 KSA time).
The Role of CMA Saudi Arabia in Reform
The CMA has been instrumental in orchestrating this shift. Through regulatory innovation, it has:
Simplified foreign investor access
Improved capital market regulation and oversight
Ensured full alignment with Vision 2030 pillars of transparency and diversification
By opening access, the CMA positions Saudi Arabia as an inclusive and forward-looking market.
Investor Visa Saudi Arabia: Linking Capital to Residency
For investors seeking more than just portfolio returns, Saudi Arabia offers an Investor Visa:
Own property or businesses in the Kingdom
No sponsor required—unlike typical expat visas
Path to long-term residency, with renewals linked to economic contribution
This synergy between financial market access and residency incentives presents a compelling value proposition for serious investors.
Ready to Invest in the Future of Saudi Arabia?
Regulatory clarity combined with strategic ambition makes Saudi Arabia an increasingly attractive investment destination. These reforms unlock powerful opportunities for regional investors to gain both financial and residency benefits. At Peninsula, we help investors and businesses navigate every step on the way to securing your Saudi Investor Visa.
Book your free consultation today to explore how you can leverage this landmark reform to build a stronger financial and residency foothold in the Kingdom.
About Alistair:
Alistair Paine brings 15 years of dedicated experience in Saudi market entry, guiding Fortune 500 companies and innovative scale-ups through successful establishment in the Kingdom. His expertise in Saudi company formation, licensing and market entry strategy, positions him as a leading authority and consultant in international business expansion to Saudi Arabia.
Schedule a free consultation with Alistair and the Peninsula team to understand which market entry strategy is best suited to your business setup in Saudi Arabia.
Foreign investors can enter the Saudi market by registering with the Ministry of Investment (MISA) under the 2025 Investment Law, which grants equal legal rights to foreign and domestic businesses. Investment options include setting up wholly owned entities, forming joint ventures, or participating in sectors backed by Saudi sovereign funds. Recent reforms also allow property purchases for foreigners starting 2026.
How to start investing in the Saudi stock market?
To begin investing in Saudi Arabia’s Tadawul exchange, individuals must open an investment account with a licensed brokerage or bank. Qualified Foreign Investors (QFIs) must meet eligibility criteria set by the Capital Market Authority. Alternatively, investors can access the market through global platforms or by purchasing ETFs that track Saudi equities.
Can a non-Saudi invest in the Saudi stock market?
Non-Saudis are permitted to invest in the Saudi stock market, with access granted to GCC citizens, foreign residents, and qualified international investors. Regulatory changes have broadened participation, allowing direct trading under CMA supervision and indirect exposure via investment funds and global brokers.