The Saudi Stock Exchange (Tadawul) has started to disclose the foreign strategic investors’ ownership in listed companies.
Foreign strategic investors own shares in three listed firms, led by Allianz SF with 51 percent ownership, Metlife AIG ANB at 40 percent, and Saudi British Bank (SABB) at 29.2 percent, according to data compiled by Argaam.
The Capital Market Authority (CMA) decided in June to scrap the ownership limit for foreign strategic investors in listed companies.
Under the new decision, qualified foreign investors (QFI) cannot own more than 49 percent of Tadawul-listed firms, with the exception of foreign strategic investors.
Strategic investors buying a stake in a listed company will need to maintain their holdings for two years.
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Foreign strategic investors’ ownership in Saudi market |
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Company |
All foreign investor ownership |
Foreign strategic investors’ ownership |
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Max. limit |
Current ownership |
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Allianz SF |
60.00 % |
0.82 % |
51.00 % |
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Metlife AIG ANB |
49.00 % |
0.17 % |
40.00 % |
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SABB |
49.00 % |
13.37 % |
29.20 % |
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