Foreigners Pump $426 Mn into Saudi Shares Through Direct Investmenthttps://english.aawsat.com/home/article/1834876/foreigners-pump-426-mn-saudi-shares-through-direct-investment
Foreigners Pump $426 Mn into Saudi Shares Through Direct Investment
Every week foreign investors pump cash into the Saudi Stock market to buy Saudi shares listed on the local capital market, showing the attractiveness of the Kingdom’s financial market.
In this context, the Saudi Stock Exchange (Tadawul) announced that the net purchases of foreign investors through foreign direct investment has amounted to about SAR1.6 billion ($426.6 million) last week, a high liquidity that confirms the vitality of investment in the domestic market.
Foreign residing investors have bought more than SAR11 million ($2.93 million) during last week. While foreign investors tended to sell with net liquidity of about SAR44 million ($11.7 million) during the same week through swap agreements.
With the opening of the trading week on Sunday, the index of the Saudi stock market closed on green unlike SABIC, which announced a decline in profits for H1 2019 by 54.7 percent compared to H1 2018.
SABIC fell 0.7 percent and Saudi Arabia's index rose to 8,859 points, gaining 40 points amid a cash flow of two billion riyals ($533.3 million).
The market value stood at SAR2.06 trillion ($549.3 billion) on Sunday while its gains have amounted to13.19 percent since the start of trading.
The average dividend yield of listed companies in the Saudi stock market is around 3.29 percent, which is attractive to an investor looking for cash dividends away from day-to-day trades that require a lot of know-how.
In this regard, Al-Sorayai Group achieved the biggest gains on Sunday with about 10 percent, following a recommendation by the company’s board of directors to reduce the capital by 70.9 percent to cover the accumulated losses.
Notably, foreign strategic investors have become more likely to buy in Saudi companies listed on the capital market.
The Capital Markets Authority (CMA) has recently confirmed that strategic investors can acquire strategic shares in listed companies according to a package of obligations.
It excluded foreign strategic investors from the condition of owning more than 49 percent of listed companies in the domestic market, indicating the vitality of the country’s financial market.
Saudi Foreign Minister Meets with French Counterpart in Riyadhhttps://english.aawsat.com/gulf/5268204-saudi-foreign-minister-meets-french-counterpart-riyadh
Saudi Foreign Minister Meets with French Counterpart in Riyadh
Photo by SPA
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met Thursday in Riyadh French Minister for Europe and Foreign Affairs Jean-Noël Barrot, SPA reported.
During the meeting, they reviewed relations and discussed regional and international developments and their implications for security and stability.
How Did the Jeddah Summit Support Joint Gulf Action?https://english.aawsat.com/gulf/5268084-how-did-jeddah-summit-support-joint-gulf-action
How Did the Jeddah Summit Support Joint Gulf Action?
The flags of Gulf countries are raised in Jeddah ahead of the summit (SPA)
Gulf leaders meeting in Jeddah this week urged faster progress on joint projects and deeper military integration, seeking to reinforce collective security and economic coordination amid heightened regional tensions.
In a statement after the consultative summit on Tuesday, GCC Secretary-General Jasem Albudaiwi said leaders called for accelerating completion of requirements to link all shared Gulf projects, including transport and logistics. They stressed speeding up implementation of the Gulf railway, advancing electricity interconnection, and taking prompt steps toward oil and gas pipeline and water-link projects.
The statement also pointed to studying strategic Gulf stockpiles, while emphasizing intensified military integration and faster completion of a joint early warning system against ballistic missiles.
The direct wording - repeating terms such as “accelerate” and “urgency” - reflected a push for concrete outcomes and highlighted Saudi Arabia’s initiative in convening the summit amid complex regional conditions.
28 April 2026, Saudi Arabia, Jeddah: Saudi Crown Prince Mohammed bin Salman meets with Bahrain's King, Hamad bin Isa bin Salman, on the sidelines of the Gulf Cooperation Council Consultative Summit. Photo: Saudi Press Agency/APA Images via ZUMA Press Wire/dpa
Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, said the meeting reflected Gulf unity. “Our consultative summit today in Jeddah embodies a unified Gulf position toward current developments and the need to intensify coordination and consultation,” he stated, adding that this would strengthen diplomatic efforts, safeguard regional security and stability, and support development and prosperity.
Extending Gulf leadership efforts
Abdulaziz Sager, chairman of the Gulf Research Center, told Asharq Al-Awsat that the summit was convened in response to conditions facing the Gulf region following the US-Israeli-Iranian war, aiming to coordinate GCC positions and contain its repercussions.
The goal is to enhance efforts to address this crisis and its consequences - security, economic and otherwise - to stabilize the region, safeguard GCC interests and strengthen collective security, he underlined.
Sager added that the summit builds on efforts led by Saudi Crown Prince Mohammed bin Salman and other Gulf leaders, within the broader vision of King Salman bin Abdulaziz to strengthen joint Gulf action, deepen economic unity, and develop defense and security systems toward more sustainable integration.
He revealed that these discussions also addressed reinforcing Gulf unity to better manage current challenges and anticipate future crises.
Saudi Crown Prince Mohammed bin Salman receives the Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah ahead of an exceptional meeting of the Gulf Cooperation Council (GCC), In Jeddah, Saudi Arabia, April 28, 2026. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
Toward independent Gulf decision-making
Sager said the summit is expected to build on the GCC success in confronting Iranian missile and drone attacks, using that experience to develop a comprehensive defense strategy, which would focus on modern armament suited to evolving warfare, training, and external defense partnerships, while reinforcing self-reliance.
Leaders reaffirmed the right of GCC states to self-defense, individually or collectively, under Article 51 of the United Nations Charter, and to take all measures to protect sovereignty, security and stability. They stressed full solidarity among member states and that their security is indivisible, with any attack on one considered an attack on all, in line with the joint defense agreement.
Albudaiwi said leaders praised the “courage and high readiness” of GCC armed forces in defending against Iranian attacks, noting their ability to intercept missiles and drones with professionalism and efficiency while safeguarding national assets.
Saudi Crown Prince Mohammed bin Salman receives The Emir of Qatar, Sheikh Tamim bin Hamad Al Thani ahead of an exceptional meeting of the Gulf Cooperation Council (GCC), In Jeddah, Saudi Arabia, April 28, 2026. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS
Alternative routes on the agenda
Sager noted that developing alternative corridors to secure energy supply chains will likely be a key focus in the coming period, reflected in leaders’ directives to move ahead with pipeline projects and transport infrastructure.
Political analyst Ahmed Alibrahim agreed, saying the summit statement underscored Saudi Arabia’s role in securing supply chains during the crisis and working on alternative energy routes, including through the East-West pipeline, as part of addressing risks linked to the Strait of Hormuz.
He described the statement as unusually direct. “This is one of the rare times we see a clear and explicit communiqué with firm directives, especially regarding future requirements and open-ended scenarios,” he said, citing uncertainties including potential setbacks in US-Iran negotiations or other serious developments.
For his part, political analyst Mohammed Al-Dossary believes that the importance of the GCC lies in its ability to navigate many crises, including the Iraq-Iran War and Iraq's occupation of Kuwait.
He stressed that the collective consciousness of Gulf citizens recognizes the importance of unifying the Gulf stance to overcome crises, including the current one and the implications of the Strait of Hormuz closure.
Saudi Crown Prince Receives Written Messages from Rwanda’s President, Japanese PMhttps://english.aawsat.com/gulf/5268062-saudi-crown-prince-receives-written-messages-rwanda%E2%80%99s-president-japanese-pm
Saudi Crown Prince Receives Written Messages from Rwanda’s President, Japanese PM
Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. SPA
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, received a written message from Rwanda’s President, Paul Kagame, expressing his country's solidarity with the Kingdom in light of the current situation in the region.
The message was received by Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah during a meeting at the ministry's headquarters in Riyadh with his Rwandan counterpart, Olivier Nduhungirehe.
During the meeting, the two sides discussed bilateral relations and reviewed a number of issues of common interest.
The Crown Prince also received a written message from Japanese Prime Minister Sanae Takaichi, concerning relations between the two countries.
The message was received by Vice Minister of Foreign Affairs Waleed Elkhereiji during a meeting at the ministry's headquarters in Riyadh with the Japanese Ambassador to the Kingdom Yasunari Morino.
During the meeting, the two officials reviewed relations between Saudi Arabia and Japan and discussed various topics of common interest.
لم تشترك بعد
انشئ حساباً خاصاً بك لتحصل على أخبار مخصصة لك ولتتمتع بخاصية حفظ المقالات وتتلقى نشراتنا البريدية المتنوعة
