Qualified foreign investors (QFIs) increased their stakes in 74 Tadawul-listed firms on Sunday, June 3, while 41 companies saw foreign investors cutting stakes, market data compiled by Argaam showed.
Saudi Company for Hardware (SACO), Saudi Advanced Industries Co. (SAIC) and Al Sorayai Trading & Industrial Group Co. were the top companies seeing further purchases by foreign investors.
Foreign investors raised their shareholdings in SACO and SAIC by 15 percent each and in Al Sorayai by 0.13 percent.
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Top Five Stocks Where QFIs Increased Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
SACO |
11.49% |
11.64% |
+0.15% |
36,000 |
|
SAIC |
1.12% |
1.27% |
+0.15% |
75,000 |
|
Al Sorayai |
2.03% |
2.16% |
+0.13% |
29,250 |
|
Kayan |
2.19% |
2.30% |
+0.11% |
1,650,000 |
|
Aljazira REIT |
1.61% |
1.72% |
+0.11% |
12,980 |
Meanwhile, United International Transportation Co. Ltd (Budget Saudi) and Wataniya Insurance Co. saw the highest stock sales by foreign investors, with QFIs offloading 0.25 and 0.13 percent of their holdings, respectively.
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Top Five Stocks Where QFIs Offloaded Stakes |
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Company |
Previous stake |
Current stake |
Variation |
Number of shares |
|
Budget Saudi |
19.87% |
19.62% |
(0.25%) |
177,917 |
|
Wataniya |
11.43% |
11.30% |
(0.13%) |
26,000 |
|
Aldrees |
1.85% |
1.75% |
(0.10%) |
50,000 |
|
Bupa Arabia |
44.01% |
43.92% |
(0.09%) |
72,000 |
|
Alandalus Property |
0.64% |
0.57% |
(0.07%) |
49,000 |
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