Non-founding foreign investments up to 2.41% last week

Non-founding foreign investors – namely swap holders, residents and qualified foreign investors (QFIs) – increased their ownership in the Saudi Exchange (Tadawul) to 2.41%, or SAR 237.28 billion, in the week ending Aug. 12, compared to 2.38% in the week before, on net purchases at around SAR 623.5 million, market data showed.

Non-founding foreign investors’ ownership last week was the highest in 20 months since Saudi Aramco’s share listing.

GCC investors' ownership in the Saudi market remained unchanged at 0.51%, or SAR 50.22 billion, in the week ending Aug. 12, compared to the week before.

Foreign investors’ ownership, including strategic partners, rose by 0.04% to 2.94%, or SAR 289.43 billion for the week.

Founding foreign investors accounted for 0.53%, or SAR 52.14 billion of the total foreign ownership in the Saudi market for the week ending Aug. 12.