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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

Non-institutional foreign ownership in Tadawul-listed firms up slightly

The foreign ownership was up slightly during the week ending Jan 9. (Tadawul)
  • The ownership increased from 9.70 percent to 9.72 percent, equivalent to SAR 334.55 billion, during the week ending January 9.
  • GCC investors’ ownership in Saudi equities, excluding Saudi Aramco, declined from 2.27 percent to 2.18 percent of the total market capitalization.

Riyadh, Saudi Arabia — Non-institutional foreign investors increased their stake in Tadawul-listed equities, excluding Saudi Aramco, from 9.70 percent to 9.72 percent, equivalent to SAR 334.55 billion, during the week ending January 9, according to market data.

This category of ownership includes swap holders, residents, and qualified foreign investors (QFIs), Argaam reported.

GCC investors’ ownership in Saudi equities, excluding Saudi Aramco, declined from 2.27 percent to 2.18 percent of the total market capitalization, amounting to SAR 74.92 billion by the end of the week.

Foreign investors’ overall stake in Saudi equities, including strategic partners but excluding Saudi Aramco, edged up from 11.14 percent to 11.16 percent, or SAR 383.9 billion, for the same period.

Institutional foreign investors, excluding Saudi Aramco, represented 1.43 percent of total foreign ownership in the Saudi market, equivalent to SAR 49.3 billion, based on Argaam’s data.