Non-founding foreign investments down to 6.35% last week

Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – cut their ownership in the Saudi Stock Exchange (Tadawul) to 6.35% in the week ending on Nov. 21; its first low in almost a year, from 6.37% in the week before, market data showed.

Ownership of non-founding foreign investors, who do not include strategic partners, hit an all-time high last week.

GCC investors' ownership in the Saudi market remained unchanged at 1.81% for the week.

According to data compiled by Argaam, GCC investors' ownership saw a gradual decrease in April 2017 to 2.40 percent, ahead of dropping to 2.06 percent in average last year.

Foreign investors’ ownership, including strategic partners, hit an all-time low since the week ending on March 14, 2019, to 9.14%, down by 0.04% from the previous week.

Founding foreign investors accounted for 2.79% of the total foreign ownership in the Saudi market for the week ending Nov. 21.