Non-institutional foreign ownership excluding Aramco rises to 10.42% last week
- Date: 20-Feb-2023
- Source: Argaam
- Sector:Oil & Gas
- Country:Saudi Arabia
Non-institutional foreign ownership excluding Aramco rises to 10.42% last week
Non-institutional foreign investors increased their ownership in Tadawul-listed equities, excluding Saudi Aramco, to 10.42%, or SAR 296.77 billion, in the week ended Feb. 16, market data showed.
The ownership of non-institutional foreign investors is represented by swap holders, residents and qualified foreign investors (QFIs).
GCC investors' ownership in Saudi equities, excluding Saudi Aramco, dropped from 1.74% to 1.73% of total market cap, or SAR 49.3 billion in the week ended Feb. 16.
Foreign investors’ ownership, including strategic partners, in Saudi equities, excluding Saudi Aramco, grew from 11.95% to 12.03%, or SAR 342.4 billion, for the week ended Feb. 16.
Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.60%, or SAR 45.7 billion, of the total foreign ownership in the Saudi market for the same week.