Non-founding foreign investments decline to 1.81% last week

Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – cut their ownership in the Saudi Stock Exchange (Tadawul) to 1.81% in the week ending Dec. 3, 2020, compared to 1.82% in the week before, on net purchases of SAR 1.66 billion, market data showed.

Last week, Citigroup Global Markets Ltd. and Goldman Sachs International acquired 115.89 million shares of Saudi British Bank (SABB) from NatWest Markets Plc and Banco Santander S.A. A total of 36.99 million shares were allocated to HSBC Holdings BV, thus increasing its ownership from 29.2% to 31% and 42.37 million shares were allocated to Olayan Saudi Investment Company Ltd., which increased its ownership from 18.3% to 20.3%.

GCC investors' ownership in the Saudi market for the week remained unchanged at 0.49%.

Foreign investors’ ownership, including strategic partners, saw a 0.03% drop week-on-week to 2.24%.

Founding foreign investors accounted for 0.43% of the total foreign ownership in the Saudi market for the week ending Dec. 3, 2020.

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