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Saudi Arabia: Foreign Investors Continue to Buy Saudi Stock

Saudi Market Stock Exchange (Tadawul)
Saudi Market Stock Exchange (Tadawul)
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Saudi Arabia: Foreign Investors Continue to Buy Saudi Stock

Saudi Market Stock Exchange (Tadawul)
Saudi Market Stock Exchange (Tadawul)

Foreign investors continue to buy into the Saudi stock market, demonstrating the vitality of the country's financial market and its investment attractiveness.

In this regard, the Saudi Stock Exchange (Tadawul) announced that the net purchases of foreign investors through qualified foreign investors during last week reached about $293.3 million, while net purchases of Saudi companies amounted to $94 million.

The increase in foreign direct investment flows to the Saudi stock market follows important steps related to the listing of the financial market in several leading global indices, most notably MSCI World Index and FTSE Russell Index.

The Saudi stock market is maintaining its stable performance as the market is witnessing more stable trading, especially as companies are expected to achieve positive growth in the financial results for this year’s second quarter.

Saudi companies listed in the local market will begin announcing their financial results for Q2, with 6 companies listed announcing so far. The results showed that 3 companies achieved positive growth in profits during the first half of this year.

Saudi companies succeeded in achieving a net profit of $ 6.08 billion in Q1, according to released figures, and the companies are expected to succeed during Q2 to achieve new positive results thus enhancing their investment attractiveness.

In a related context, Saudi Arabia’s Tadawul All-Share Index (TASI) fell 0.4 percent, or 35 points, on Sunday, to close at 8,811 points. The total turnover reached $480 million, as the advance-decline ratio stood at 64-109.

Southern Province Cement was the top gainer, rising 3.9 percent and Arabian Cement and Yanbu Cement was up nearly 3 percent.

Financial experts and institutions monitor investment opportunities in the Saudi stock market while closely keeping an eye on the financial results announced by the companies listed in the local market. Many investment decisions are based on these results.

According to the results of Q1, 86 listed Saudi companies succeeded in achieving positive changes in their financial results compared to the same period of 2018.

It is worth noting that foreign strategic investors have become more likely to own in Saudi companies listed on the capital market.

Capital Market Authority (CMA) recently confirmed that strategic investors can acquire shares in listed companies according to a package of commitments.

The Authority excluded foreign strategic investors from the requirement of not owning more than 49 percent of listed companies in the local market, demonstrating the vitality of the country's financial market.

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Baghdad Urges Washington to Prevent ‘Imminent’ Israeli Strikes

Sudani visiting a market in Baghdad on Thursday (Government media)
Sudani visiting a market in Baghdad on Thursday (Government media)
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Baghdad Urges Washington to Prevent ‘Imminent’ Israeli Strikes

Sudani visiting a market in Baghdad on Thursday (Government media)
Sudani visiting a market in Baghdad on Thursday (Government media)

Iraqi Prime Minister Mohammed Shia Al-Sudani on Thursday called on major powers to “exert greater efforts to end the war in Palestine and Lebanon.” Meanwhile, an Iraqi government official urged the United States to “prevent any attacks on the country,” referring to potential Israeli strikes.
During a phone conversation with Russian President Vladimir Putin, Al-Sudani stressed the importance of ensuring the conflict does not escalate “to a level that threatens regional and global stability.”
The Iraqi prime minister’s appeal comes amid reports suggesting that Israel may launch strikes on Iraq in retaliation for attacks by Iraqi armed factions targeting Israeli positions.
The Iraqi government is striving to assert its exclusive authority over weapons and war-related decisions. However, armed factions affiliated with the Axis of Resistance openly claim responsibility for near-daily rocket attacks on Israel. This has provided Israel with a justification for potentially targeting Iraqi territory, especially after it filed a complaint with the UN Security Council against six Iraqi factions and held Baghdad responsible for the attacks.
These factions have also openly declared their involvement in the ongoing conflict with Israel in Lebanon and Gaza. The Iraqi government has been unable to take decisive action to halt the activities of these factions, which many believe could soon expose Iraq to an Israeli strike.
According to media reports, Washington has warned Baghdad that Israeli airstrikes on Iraq are “imminent” unless the Iraqi government curtails attacks by Iranian-backed factions on Israel. The Times of Israel cited sources indicating that the United States has “exhausted all means of pressure on Israel” and urged Iraq to act swiftly to prevent such attacks.
Despite repeated assurances from the Iraqi government—including its recent adoption of 12 measures by the National Security Council to counter Israeli threats and complaints—the situation remains tense. These measures include monitoring Iraq’s western borders, preventing factions from launching attacks, and maintaining Iraq’s neutrality in the ongoing conflict.
On Wednesday, Abu Hussein Al-Hamidawi, Secretary-General of Kata’ib Hezbollah, made a striking statement on the role of resistance factions in the war and their commitment to the Unity of Fronts doctrine frequently mentioned by Axis of Resistance groups.
In an interview published by the faction’s media arm, Al-Hamidawi said: “The continuity of the Unity of Fronts concept depends on what the Lebanese Hezbollah decides.”
Al-Hamidawi also emphasized that resistance factions are constantly coordinating internally and with external partners such as Hezbollah, the Houthis, and Palestinian resistance leaders.
“We aim to ensure that the Palestinian people are not left alone and that the Unity of Fronts remains intact,” he stated.
Fadi Al-Shammari, a political advisor to Sudani, reiterated that Israel’s threats “are not new,” citing the recent complaint filed by Israel with the UN Security Council as part of its pattern of issuing threats.
In media statements, Al-Shammari reaffirmed the Iraqi government’s long-standing position: “The decision of war and peace lies solely with the Iraqi government.”
He noted that the factions’ attacks are being launched from areas outside Iraq’s borders, specifically from Syria. However, he stressed that the Iraqi government is working through its security and military agencies to prevent Iraq from becoming a battlefield for external or internal parties.
Al-Shammari also called on the United States to fulfill its responsibilities under the Strategic Framework Agreement and security pact with Iraq, emphasizing the need to deter and respond to any external attacks that threaten Iraq’s internal security.