Tadawul official says qualified foreign investors rise to 2,400 by November-end

Abdullah Al-Dayel, head of domestic listing, Tadawul

The Saudi Stock Exchange (Tadawul) witnessed a rise in the number of qualified foreign investors (QFIs) to 2,400 by the end of November 2020, Al-Eqtisadiah newspaper reported, citing head of domestic listing at Tadawul, Abdullah Al-Dayel.

According to data compiled by Argaam, the phases of Tadawul’s inclusion in the emerging market indices ended in June 2020, following the implementation of the final phase to join the FTSE Russell Secondary Emerging Market Index.

Related: Final phase of Saudi Arabia's inclusion in FTSE starts today

On the other hand, Al-Dayel indicated that 100 people have been licensed to manage documents for offering and listing in the last period.

He affirmed the inclusion of 70 sukuk and bonds in the market out of 75 government bonds and sukuk, as the total value of their issuance represents more than SAR 393.4 billion.