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Saudi Exchange foreign holdings rise to $121.3 billion
Foreign investment in the Saudi Exchange (Tadawul) saw a significant increase during the week ending August 20. Total foreign holdings rose by SAR4.44 billion ($1.18 billion), bringing the total value of foreign holdings to approximately SAR454.89 billion ($121.3 billion). This growth was primarily driven by foreign institutions, whose holdings increased by SAR4.23 billion.
Foreign investors now account for 4.76 percent of the total market capitalization of issued shares. During the same period, Tadawul’s overall market capitalization climbed to approximately SAR9.57 trillion.
In the broader context of market reforms, there is growing optimism following the appointment of Mazen Al-Sudairi as head of the Capital Market Authority. Analysts suggest that new decisions may be forthcoming to boost liquidity, including a potential proposal to increase foreign ownership limits to 75%.
Entities
Mazen Al-Sudairi · Saudi Arabia · Saudi Exchange · Tadawul · Zad Consulting
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Foreign institutional holdings rose by SAR4.23 billion. economymiddleeast.com
- [○ 1 SOURCE] Foreign investors account for 4.76 percent of the total market capitalization of issued shares. economymiddleeast.com
- [○ 1 SOURCE] Foreign investors increased the market value of their holdings in Saudi-listed shares by SAR4.44 billion ($1.18 billion) in the week ending August 20. economymiddleeast.com
- [○ 1 SOURCE] There are expectations that foreign ownership limits in the Saudi market could be raised to 75%. www.albiladpress.com
- [○ 1 SOURCE] Tadawul’s overall market capitalization rose to approximately SAR9.57 trillion. economymiddleeast.com
- [○ 1 SOURCE] Total foreign holdings on the Saudi Exchange reached SAR454.89 billion ($121.3 billion). economymiddleeast.com