Non-institutional foreign ownership ex-Aramco declines to 10.29% last week

Tadawul trading screen

Non-institutional foreign investors cut their ownership in Tadawul-listed equities, excluding Saudi Aramco, from 10.31% to 10.29%, or SAR 321.43 billion, in the week ended Aug. 28, 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, rose from 2.23% to 2.25% (SAR 70.17 billion) of total market cap.

Foreign investors’ ownership in Saudi equities, including strategic partners and excluding Saudi Aramco, increased from 11.79% to 11.81% (SAR 368.90 billion) of the total.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.52% (SAR 47.5 billion) of the total foreign ownership in the Saudi market, according to Argaam’s data.