Non-institutional foreign ownership ex-Aramco down to 9.71% last week

Tadawul trading screen

Non-institutional foreign investors cut their ownership in Tadawul-listed equities, excluding Saudi Aramco, to 9.71% (SAR 343 billion), from 9.74% in the week ended Jan. 23, market data showed.

The ownership of non-institutional foreign investors is represented by swap holders, residents, and qualified foreign investors (QFIs).

GCC investors' ownership in Saudi equities, excluding Saudi Aramco, decreased from 2.18% to 2.16% of total market cap, or SAR 76.3 billion, by the end of the week.

Further, foreign investors’ ownership in Saudi equities, including strategic partners and excluding Saudi Aramco, declined from 11.20% to 11.17% (SAR 394.7 billion), for the week.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.46% (SAR 51.7 billion) of the total foreign ownership in the Saudi market for the same week, according to Argaam’s estimates.