Foreign investments in 183 companies and real estate funds with "Tadawul" .. 27 of them with shares of more than 10%

With the start of the first phase of Saudi Arabia joining FTSE Russell and emerging markets S & P Dow Jones next Monday, generating multibillion dollar inflows, Al-Iktissia is opening the portfolio of foreign investments in the Saudi stock market.
According to the analysis of the reporting unit in the newspaper "Economic" based on data from the Saudi Stock Exchange, "Tadawul", foreign investors of all categories, the shares of 183 companies and real estate funds on the 190 listed on the Saudi stock market on March 12.
In this report, the share of foreign investors in Saudi equities includes foreign partner companies, swap agreements, resident investors, qualified foreign institutions and finally managed portfolios.
In terms of value, the share of foreign investors in the Saudi stock market jumped by the end of the week ending March 7 to reach an unprecedented peak of 102.8 billion riyals, or 5.12 billion yuan. % of the market value of 2,000 trillion riyals on the same date.
Foreign ownership exceeded 40% in six companies, including three in the insurance sector (Ayanz Sf 51.59%, Bupa Arab 46.94%, Metlif AAG Arabi 40.64%) and three others in the banking sector (42, 89%), Arab (41.03%) and Sab (40.87%).
The strong foreign participation of these companies comes from the presence of strategic foreign partners who hold the lion's share: the strategic foreign partner holds more than 5% of the capital of 22 listed companies.
According to the analysis, foreigners hold more than 50% shares of a company's market and more than 40% of the six companies.
They own more than 30% shares in nine companies: Petro Rabigh 38.41%, 32.05% and Arab insurance 31.89%, in addition to the six companies mentioned above.
Foreigners have more than 20% in 11 companies, the previous nine, in addition to Tokyo Marin development of 29.59%, the AXA cooperative 26%.
Thus, eight of the twelve largest foreign-invested companies in the Saudi stock market belong to the insurance sector.
Foreign investors also hold more than 10% of the 27 publicly traded Saudi companies, including 15, as well as the previous 12 companies: Saudi Gazette, 18.01%, Malath Insurance 17.76%, Saudi Arabia 16.67% and Astra Industrial 16.51%. Al-Ahli Takaful, 12.43%, Al-Ahli Takaful, 11.92%, Wafa Insurance 11.91%, Suco 11.78%, Al-Ahli Takaful, 16.45%, Saudi Fransi, 16.35% . 11.14%, eligibility 11.04%, national 10.82% and conciliation 10.6%.
Companies with a foreign ownership of 5% or more have 44 companies, of which 17 are added to the previous 27 companies.

Emerging Markets
Saudi Stock Exchange (Tadawul) announced that the first phase of emerging markets FTSE Russell and S & P DJI would take place on Monday, March 18, 2019, according to the closing prices of Thursday, March 14, 2019.
According to FTSE Russell, as part of the emerging market capital market access plan for Saudi capital markets, the first phase of the five phases will be implemented and the first phase will represent 10% of the total weight of the Saudi financial market.
Tadawul also said that the Saudi stock market would join the S & P DJI index in two phases, as previously announced, the first phase being implemented with 50% of the total weight of the Saudi stock market.
On March 28, 2018, FTSE Russell decided to bring the Saudi market to emerging secondary markets, in stages beginning in March 2019 and ending in March 2020 due to the size of the market.
The organization said the membership would be held in five stages: March 18, 2019, 10%, May 1, 2019, 15%, June 24, 25%, September 23, 2019, Cent, 23 March 2020, 25%.
On July 25, 2018, S & P Dow Jones decided to switch from the Saudi market to an emerging market starting in March 2019 in two phases. The promotion will take place in two phases, the first with the quarterly rebalancing of March 18, 2019 at 50% and the second with the annual review of September 23, 2019 at 100%. On June 20, 2018, MSCI announced its decision to upgrade the Saudi equity market to an Emerging Markets Index.
According to Morgan Stanley, the Saudi market will represent 2.6% of the Saudi market and 32 companies will be included in the Saudi market index Morgan Stanley Emerging Markets, the first two phases will take place in May 2019 and the second in August of the same year. Saudi Arabia authorized qualified foreign investors to enter the Saudi equity market in June 2015, with the aim of broadening its base of foreign investment in the financial market. Foreign investors.

FTSE Russell
The Saudi stock market was added to the watch list of the FTSE Russell index in 2015 following the announcement of the launch of the program of qualified foreign investors and continued to maintain its rating in the list of countries in 2016.
In October 2017, the FTSE Russell Index launched the FTSE Saudi Inclusion Index, a comprehensive series of global, regional and local indices that can be used as a transition tool to help local and foreign investors who want to identify the performance of the fund. Saudi financial market through the index.

* Economic Reporting Unit