Foreign investors hiked stakes in 40 listed firms on May28
Qualified foreign investors (QFIs) increased their stakes in 40 Tadawul-listed firms on Monday, May 28, while 46 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Company for Hardware (SACO), Dar Al Arkan Real Estate Development Co. and Fawaz Abdulaziz Alhokair Co.’s (Alhokair) were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SACO by 0.08 percent, and in Dar Al Arkan and Alhokair by 0.06 percent and 0.05 percent, respectively.
Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
SACO |
11.31% |
11.39% |
+0.08% |
19,200 |
Dar Al-Arkan |
3.70% |
3.76% |
+0.06% |
648,000 |
Alhokair |
3.50% |
3.55% |
+0.05% |
105,000 |
Budget Saudi |
19.63% |
19.67% |
+0.04% |
28,467 |
Arabian Shield |
6.05% |
6.09% |
+0.04% |
12,000 |
Meanwhile, Najran Cement and Alujain Corp. saw the highest stock sales by foreign investors, with QFIs offloading 0.19 and 0.13 percent of their holdings, respectively.
Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
Najran Cement |
0.69% |
0.50% |
(0.19%) |
323,000 |
Alujain |
5.49% |
5.36% |
(0.13%) |
89,960 |
Bupa Arabia |
44.22% |
44.10% |
(0.12%) |
96,000 |
City Cement |
1.18% |
1.07% |
(0.11%) |
208,120 |
Wafa |
12.42% |
12.32% |
(0.10%) |
10,355 |
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