Foreign Ownership in Saudi Stock Market Grows to $107.8 Billion – Report

According to a report from the Okaz/Saudi Gazette, the ownership of foreign investors in the Saudi stock market jumped to SR404.26 billion ($107.8 billion), or 3.36 percent of the total market value of the listed companies.The report said foreign investors own shares in 211 out of 215 companies listed on the main stock market Tadawul All Share Index (TASI). The companies that are not included are Knowledge City, Jabal Omar, Taiba, and Makkah Construction.

The highest value of shares owned by foreign investors is in the top five Saudi companies — Al-Rajhi Bank, Saudi National Bank (SNB), SABB, Saudi Aramco and SABIC. Foreign investment in these companies amounted to a total of SR188.76 billion.

[Click here for more from the Saudi Gazette]





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