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Market Access Liberalization, Accounting Information Quality and Trading-Activity Reallocation in Tadawul: Evidence from the Abolition of the Qualified Foreign Investor Framework
This paper examines whether the Saudi Capital Market Authority's January 2026 abolition of the Qualified Foreign Investor (QFI) framework coincided with a measurable redistribution of trading activity across listed firms in Tadawul. Using official Saudi Exchange reports, we construct a near-population panel of 267 to 2...