Non-institutional foreign ownership ex-Aramco rises to 10.61%

Non-institutional foreign investors increased their ownership in Tadawul-listed equities, excluding Saudi Aramco, from 10.46% to 10.61%, or SAR 356.53 billion, in the week ended Oct. 2, 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, remained unchanged at 2.22% (SAR 74.4 billion) of total market cap.

Foreign investors’ ownership in Saudi equities, including strategic partners and excluding Saudi Aramco, rose from 11.94% to 12.13% (SAR 407.6 billion) of the total.

Meanwhile, institutional foreign investors, excluding Saudi Aramco, accounted for 1.52% (SAR 51.1 billion) of the total foreign ownership in the Saudi market, according to Argaam’s data.