Foreign investment in Saudi Arabia’s Tadawul surges to $93bn

RIYADH: Saudi Arabia’s stock market saw a surge in non-institutional foreign investments, excluding Aramco, to SR348 billion ($93 billion) in the week ended April 14.

Ownership of non-institutional foreign investors, including swap holders, residents, and qualified foreign investors, increased to 10.03 percent, compared to 9.87 percent a week earlier, according to Argaam statistics.

At a regional level, Gulf Cooperation Council ownership in the Saudi market went up to 1.8 percent during the week, representing SR62.3 billion.