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Foreign investment in Saudi capital market reaches $93bn

By Pramod Kumar
PIF intends to divest stakes in its portfolio companies to bolster the economic transformation under Vision 2030 Reuters/Faisal Al Nasser
PIF intends to divest stakes in its portfolio companies to bolster the economic transformation under Vision 2030

Foreign investment in the Saudi capital market reached SAR347.01 billion ($92.52 billion) in 2022, up from SAR305.34 billion in 2021 and SAR86.86 billion in 2018, according to the kingdom’s market regulator.

Overseas investors constituted 14.2 percent of the total free float value in the Tadawul All Share Index (Tasi) last year, compared to 3.77 percent in 2018, the state-owned SPA news agency reported.

Capital Market Authority’s (CMA) deputy of listed companies and investment products, Abdullah Mohammed Binghannam, stated the authority aims to position the Saudi capital market among the top markets regionally and internationally.

“Since allowing foreign investors to directly invest in the capital market in 2015, it has evolved from a local market to one where the foreign investor participates in daily trading at rates exceeding 17 percent, compared to less than four percent before,” he added.

From 2018 to 2022, net foreign investment in Tasi crossed SAR180 billion, SPA added.

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