Saudi Ministry of Investment: Investments in “Tadawul” overcome global challenges

The Saudi Ministry of Investment confirmed that the investments poured in the financial market “Tadawul” have overcome global challenges, adding that the Saudi stock market has continued in the current quarter, since 2019 AD, to attract more foreign investments; as a result of the development of the investment environment in the Kingdom and the continued implementation of reforms and facilitation of procedures, and despite the deterioration of the performance of stock exchanges around the world during the first half of 2022 AD on geopolitical turmoil, which in turn affected the performance of the market in general, foreign investment in the Saudi financial market continued to achieve a relatively high level.

The value of the ownership of qualified foreign investors in the second quarter of 2022 amounted to about $75.7 billion, with a growth rate of 31%, noting that the proceeds of subscriptions in trading and growth during the second quarter of 2022 amounted to about $424.9 million, noting that 4 Initial public offerings in Tadawul and Growth in the second quarter of this year, adding that “Tadawul” continued to attract local and foreign investors alike, through a number of new listings in the second quarter of 2022 AD.

It added that future contracts for single shares will be available for trading starting from the third quarter of 2022, as this will enable local and international investors to hedge and manage portfolio risks, and diversify the products available for trading in the market.