Riyadh – Mubasher: The value of foreign ownership on the Saudi Stock Exchange (Tadawul) on the main market increased to SAR 193.27 billion during the week ended on 3 September 2020, compared to SAR 192.02 billion in the previous week.

Foreign ownership of issued shares dipped to 2.13% last week from 2.17% a week earlier, while ownership of free shares inched down to 12.53% from 12.59%, according to official data.

This growth was boosted by higher share ownership value of qualified investors by SAR 1.34 billion to SAR 139.55 billion, representing 1.53% of issued shares.

In the meantime, the value of shares owned by Saudi nationals surged by SAR 220.53 million to reach SAR 8.856 trillion, representing 97.42% of issued shares and 85.25% of free shares.

The value of shares owned by GCC nationals soared by SAR 753.69 million to stand at SAR 41.64 billion. Their ownership of issued shares remained unchanged at 0.46% while that of free shares fell to 2.22%.

Source: Mubasher

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