Foreign investors can own up to 100% of the capital of an enterprise subject to a few exceptions, the principal limits are:
· Professional services (such as legal, accounting, taxation, architectural, auditing and medical) 25%
· Basic telecommunication services: the limit is 60%
· Franchising 75%
· Financial and banking services 60% and
· Insurance 49%
In relation to wholesale and retail trade, as part of the WTO accession, KSA agreed to allow foreign investment under certain conditions:
a. Foreign equity is limited to 75% from 1st November, 2008
b. There is a minimum foreign investment of SAR 20 million (USD$5.33m) by each service supplier.
c. The minimum size of outlets may be prescribed, and
d. A minimum of 15% of employees are to be Saudi and trained each year.