2023
DOI: 10.4324/9781003373353
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Sustainable Prosperity in the Arab Gulf

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“…In the Saudi context, even though there is a lower INOW among Saudi firms [84], the Saudi government proactively pursued institutional investors by gradually allowing foreign ownership on its Tadawul stock market. In particular, the CMA gives more priority to foreign institutional investors with long-term investment objectives [85]. In addition, the SCGC encourages institutional investors to actively make an effort to enhance Saudi firms' governance and disclosure policies [49].…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%
“…In the Saudi context, even though there is a lower INOW among Saudi firms [84], the Saudi government proactively pursued institutional investors by gradually allowing foreign ownership on its Tadawul stock market. In particular, the CMA gives more priority to foreign institutional investors with long-term investment objectives [85]. In addition, the SCGC encourages institutional investors to actively make an effort to enhance Saudi firms' governance and disclosure policies [49].…”
Section: Literature Review and Hypothesis Developmentmentioning
confidence: 99%