Saudi’s main stock market just logged its biggest single-day rally in five years, jumping over 5% on Wednesday, after it was reported that the Capital Market Authority is considering lifting the foreign ownership cap on listed companies. Right now, the limit sits at 49%, but that could change before the end of 2025, according to Abdulaziz Abdulmohsen Bin Hassan, a CMA board member who said the proposal is already under review and may be implemented “before the end of the year.”