Latest news with #SaudiArabianMining
Arab News
9 hours ago
- Business
- Arab News
Foreign ownership in Saudi equities tops $105bn despite market pullback
RIYADH: Foreign investors held SR394.58 billion ($105.2 billion) in Saudi equities as of June 12, marking an annual decline of 1.1 percent, although their market share rose amid a broader downturn. According to the latest data from Saudi Exchange, the dip in foreign ownership comes as the total value of holdings in the main market fell to SR9.14 trillion, down from SR9.95 trillion in June 2024, as valuations across key sectors — including financials, materials, and energy — softened. The increase in foreign investors' market share — from 4.01 percent to 4.32 percent — is attributed to the overall decline in market size. Saudi nationals remain dominant in the market, holding SR8.68 trillion, or 94.94 percent of total ownership, down from SR9.48 trillion, or 95.28 percent, a year earlier. Investments from Gulf Cooperation Council countries also dipped, with holdings falling from SR70.17 billion to SR67.46 billion, despite their share slightly increasing to 0.74 percent. The drop in market capitalization coincided with a 1.5 percent decline in the Tadawul All Share Index on June 12, driven by losses in heavyweight stocks such as Al Rajhi Bank and Saudi Arabian Mining Co. The selloff came amid renewed geopolitical tensions in the region. 'While solid fundamentals offer a hopeful outlook, the market's reaction was more heavily influenced by geopolitical tensions,' said Milad Azar, a market analyst at XTB MENA, in comments to Reuters. His statement followed the US decision to reposition diplomatic staff in the region, stoking concerns over escalating tensions with Iran. The move added pressure to already cautious markets, where investors have been rebalancing portfolios in response to rising interest rates and shifting risk appetite. Despite recent volatility, the long-term outlook for foreign participation remains strong. Saudi Arabia's inclusion in global emerging market indices — such as MSCI, FTSE Russell, and S&P Dow Jones — continues to support passive fund flows. Reforms under Vision 2030, including enhanced transparency, stronger corporate governance, and an expanding privatization pipeline, are widely viewed as central to boosting long-term investor engagement in Saudi Arabia's capital markets. The government's commitment to diversifying the economy has opened new sectors for investment, while regulatory upgrades have helped align local practices with international standards. As part of these reforms, Tadawul has undergone a transformation in recent years to enhance its global appeal. The market's inclusion in major emerging market indices between 2018 and 2019 helped unlock billions in passive fund inflows. Since then, Tadawul has focused on improving disclosure quality, streamlining Qualified Foreign Investor registration, and modernizing its trading and post-trade systems. This evolution continues to attract international capital through a growing pipeline of sector-diverse initial public offerings. Recent listings in health care, technology, and consumer goods have provided foreign investors with broader exposure to non-oil growth areas, further supporting portfolio diversification. Meanwhile, ongoing efforts to enhance post-trade infrastructure and environmental, social, and governance reporting are expected to improve overall market competitiveness and strengthen the exchange's appeal to long-term institutional investors.
Zawya
2 days ago
- Business
- Zawya
Mideast Stocks: Major Gulf markets rebound amid Iran-Israel conflict
Major stock markets in the Gulf rose in early trade on Monday, recovering some of their losses from previous sessions when they were rattled by the escalating conflict between Israel and Iran. Saudi Arabia's benchmark index gained 1.2%, led by a 1.9% rise in Al Rajhi Bank and a 3.2% increase in Saudi Arabian Mining Company. The index had fallen 1% on Sunday. Oil prices - a catalyst for the Gulf's financial markets -were volatile, after surging 7% on Friday, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East. The Qatari index advanced 1.7% - a day after falling more than 3% - buoyed by a 2.4% leap in Gulf's biggest lender Qatar National Bank and a 1.5% gain in petrochemical maker Industries Qatar. Iranian missiles struck Israel's Tel Aviv and the port city of Haifa before dawn on Monday, destroying homes and fuelling concerns among world leaders at this week's G7 meeting that the confrontation could lead to a broader regional conflict. Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response. Dubai's main share index added 0.8%, with Parkin Company - which oversees public parking operations - rising 2.3% and toll operator Salik was up 0.7%. In Abu Dhabi, the index edged 0.2% higher.
Reuters
2 days ago
- Business
- Reuters
Major Gulf markets rebound amid Iran-Israel conflict
June 16 (Reuters) - Major stock markets in the Gulf rose in early trade on Monday, recovering some of their losses from previous sessions when they were rattled by the escalating conflict between Israel and Iran. Saudi Arabia's benchmark index (.TASI), opens new tab gained 1.2%, led by a 1.9% rise in Al Rajhi Bank ( opens new tab and a 3.2% increase in Saudi Arabian Mining Company ( opens new tab. The index had fallen 1% on Sunday. Oil prices - a catalyst for the Gulf's financial markets -were volatile, after surging 7% on Friday, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region and significantly disrupt oil exports from the Middle East. The Qatari index (.QSI), opens new tab advanced 1.7% - a day after falling more than 3% - buoyed by a 2.4% leap in Gulf's biggest lender Qatar National Bank ( opens new tab and a 1.5% gain in petrochemical maker Industries Qatar ( opens new tab. Iranian missiles struck Israel's Tel Aviv and the port city of Haifa before dawn on Monday, destroying homes and fuelling concerns among world leaders at this week's G7 meeting that the confrontation could lead to a broader regional conflict. Israel said it had targeted Iran's nuclear facilities, ballistic missile factories and military commanders on Friday at the start of what it warned would be a prolonged operation to prevent Tehran from building an atomic weapon. Iran has promised a harsh response. Dubai's main share index (.DFMGI), opens new tab added 0.8%, with Parkin Company ( opens new tab - which oversees public parking operations - rising 2.3% and toll operator Salik ( opens new tab was up 0.7%. In Abu Dhabi, the index (.FTFADGI), opens new tab edged 0.2% higher.
Arab News
10-05-2025
- Business
- Arab News
With Maaden partnership, LIV Golf rebrands US event
LIV Golf unveiled a new identity for its eighth event on the 2025 schedule: LIV Golf Virginia presented by Maaden. The next stop on the league's calendar will be held on June 6-8 at northern Virginia's iconic Robert Trent Jones Golf Club, host of the first four Presidents Cup tournaments in the US and the Solheim Cup last September. The new naming rights reflect the league's connection to the Commonwealth of Virginia and underscore the state's bold vision to elevate professional golf through innovation, entertainment, and global reach. Evolving from its former name LIV Golf DC, the tournament embraces Virginia's distinct regional pride while advancing LIV Golf's mission to build the sport's most forward-thinking global league. Developed in collaboration with the Virginia Tourism Corporation and LIV Golf partner Maaden, one of the world's fastest-growing mining and metals companies headquartered in Saudi Arabia, the event champions community engagement and cross-sector innovation. 'With LIV Golf Virginia presented by Maaden, we're strengthening our connection to the Commonwealth and celebrating the local pride that drives this world-class event,' said Ross Hallett, executive vice president and head of events at LIV Golf. 'This evolution reflects our mission of bringing bold energy, global vision, and an unforgettable next-gen fan experience to every stop on our schedule.' As part of the announcement, Saudi Arabian Mining Company, known as Maaden, has launched their new partnership-focused campaign titled 'Unearth Your Potential.' The campaign features LIV Golf stars Bryson DeChambeau, Sergio Garcia and Carlos Ortiz showing off their skills in a closest to the hole challenge, unveiling a mix of strategy, teamwork and fun that embody the league's identity. 'Unearth Your Potential' is inspired by LIV Golf's impact and sustainability strategy and highlights the dedication to craft that is needed from both golfers and professionals alike to unearth and maximize their potential — both within the world of golf and within the mining industry. Bob Wilt, CEO at Maaden, said: 'LIV Golf Virginia presented by Maaden is more than a tournament — it's a powerful expression of global collaboration and shared ambition. Our partnership with LIV Golf reflects a mutual drive to innovate, inspire and shape what's next, both on the course and far beyond it.' Maaden's partnership brings bold branding, immersive activations, and elevated hospitality to the event. The event will showcase LIV Golf's signature format: 54 holes of high-energy individual and team-based competition with unrivaled access, nonstop action, and an atmosphere that blends elite golf with culture, music, and digital engagement — hallmarks of the LIV Golf experience.
