Foreign investment holdings in Tadawul reach all-time high

Foreign investors – including strategic partners – raised their ownership in the Saudi Stock Exchange (Tadawul) by 0.15 percent to an all-time high of 5.22 percent in the week ending March 21, 2019, new market data show.

Ownership of non-founding foreign investors – namely swap holders, residents, Qualified foreign investors (QFIs) – also surged to a life-time high of 2.18 percent in the week ending March 21, compared to 2.9 percent in the previous week.

Non-founding investors were net buyers of SAR 1.23 billion worth of shares in Tadawul last week.

Founding foreign investors accounted for 3.04 percent of total foreign ownership in the same period.

On the other hand, GCC investors’ ownership remained unchanged at 2.06 percent in the same period.

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