Riyadh, Saudi Arabia — The number of individual investors on the Saudi Exchange (Tadawul) reached 6.05 million by the end of Q3 2023, an increase of 117,000 compared with the previous quarter.
Argaam reported that the number of male investors reached 4.48 million in Q3 2023, while the number of female investors grew to 1.58 million, according to a recent report issued by the Capital Market Authority (CMA).
In addition, the number of retail investor portfolios stood at nearly 11.4 million by the end of Q3 2023.
The number of portfolios, which is almost twice the number of investors, indicates that some investors have more than one investment portfolio, Argaam reported.
Saudi individual investors in all domestic stock markets owned SAR 797.1 billion worth of shares by the end of Q3 2023, accounting for nearly 7 percent of the total market value of SAR 11.41 trillion.
Individual professional investors and high-net-worth investors (HNIs) owned stocks worth SAR 409.1 billion and SAR 235.4 billion, respectively.
The CMA defines HNIs as Saudi individuals who own a portfolio of an average size of SAR 1 million or more during the last 12 months, excluding individual professional investors, according to Argaam report.
Ownership of government-related entities (GREs) in Saudi-listed companies, which accounted for 75.4 percent of the total market value, up 3 percent year-on-year (YoY) to nearly SAR 8.6 trillion in Q3 2023.
Saudi corporates’ ownership reached SAR 1.25 trillion, up 40 percent YoY, while mutual funds’ ownership stood at SAR 283.3 billion in the same period, down 3 percent YoY.
Meanwhile, qualified foreign investors (QFIs) owned SAR 290.1 billion worth of stocks by the end of the three-month period, a rise of 4 percent YoY.
