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FINANCIAL NEWS
100 percent of foreign investments to be allowed in KSA
31 Jan 2016
(MENAFN) Offers to permit 100 percent foreign direct investment (FDI) in four sectors in Saudi Arabia, to support and diversify the productive base and confront oil prices.
Accordingly, the Saudi Arabian General Investment Authority (SAGIA) will take the decision, which welcomed the recommendations on foreign investment.
Moreover, KSA aims to cut the restrictions on foreign investments to reverse its fall that went down by USD 7.6bn last year; which was USD 30bn seven years ago.
In addition, the Kingdom provides reasons to foreign investors, involving cut in direct taxation to 20 percent on incomes with relaying losses to future years.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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