Foreign ownership in Saudi stock market touches $70bn

Share
1 min read
The report showed that Tadawul turned in a higher volume of sukuk and debt instruments issuances, valued at SR753 billion.
Share
  • Increased market attractiveness propelled a 54 percent rise in the ownership of qualified foreign investors at the end of 2021 compared to a year earlier
  • The year also witnessed a higher frequency of listings on the bourse, with a total of 21 listings completed on the Kingdom’s main and parallel markets

Saudi Arabia’s drive to lure more foreign investment into the kingdom paid off as foreign ownership in stock exchange touched $70 billion in 2021.

Increased market attractiveness propelled a 54 percent rise in the ownership of qualified foreign investors at the end of 2021 compared to a year earlier, according to the latest release of the Capital Market Authority’s annual report.

The year also witnessed a higher frequency of listings on the bourse, with a total of 21 listings completed on the Kingdom’s main and parallel markets.

The report showed that Tadawul turned in a higher volume of sukuk and debt instruments issuances, valued at SR753 billion.

The CMA aims to list more companies and investment products this year, develop the Sukuk market, and boost attractiveness of the Kingdom’s capital market.

It said it will continue to support digital transformation in financial services, develop infrastructure institutions, and adopt sustainable finance to meet international standards in these areas.

SPEEDREAD


Today's Headlines

The most important news stories of the day, curated by Post editors and delivered every morning.

Google reCaptcha: Invalid site key.

By signing up you agree to our Terms of Use and Privacy Policy.

MORE FROM THE POST