Ownership of foreign investors in Saudi’s TASI surges 3.5% to $77.33bln in 3Q

Ownership of foreign investors in Saudi’s TASI surges 3.5% to $77.33bln in 3Q

RIYADH — The value of ownership of foreign investors, who are qualified to invest in the main Saudi stock market (Tadawul All Share Index -TASI), surged 3.5 percent to SR290.07 billion ($77.3 billion) by the end of the third quarter of 2023, compared to the same quarter of 2022, when it reached SR280.24 billion ($74.7 billion).

According to the statistical figures, released on Sunday by the Capital Market Authority (CMA) for the third quarter of 2023, the number of securities offered through debt instrument platforms reached 311 bonds, with a total value of SR377.7 million and thus registering a record number, the highest in history, as it increases in terms of number by 500 percent, and in terms of the total value of the bonds offered, by 325 percent on an annual basis.

The CMA report indicated that the ownership percentage of institutional investors in the main market (TASI) reached 96.5 percent at the end of this quarter. Regarding financial technology companies, the number of investors in automated advisor platforms reached 119,000 investors, with an estimated value of about SR650.3 million.

According to the report, the number of companies listed on the main stock market (TASI) jumped 6 percent to 230 companies, compared