Foreign investments in Saudi stocks reach all-time high

The net value of stocks bought by foreign investors in January on Saudi Arabia’s stock exchange (Tadawul) was the highest on record, Bloomberg reported on Tuesday.

Foreign investors from outside the Kingdom and the GCC region were net buyers of around SAR 4.4 billion ($1.17 billion) of Saudi-listed stocks in January, the most for a single month since data became available in 2015, the report said.

Tadawul is preparing to join the Emerging Markets indices by MSCI and FTSE Russell this year, prompting international funds to build exposure in Saudi stocks, Bloomberg report said, adding that local funds, on the other hand, are buying less.