Time: July 16, 2018
Riyadh- Shuja Al-Baqmi
Ownership of foreign investors in Saudi Stock Exchange (Tadawul) is on a rise reaching a new level of 5.02 percent.
The growing rise in the ownership of foreign investors in the Saudi stock market reflects trust in the Saudi financial market on the one hand and the high level of confidence the Saudi economy enjoys on the other.
These developments come as the Saudi economy, the largest in the Middle East, achieved positive growth in the first quarter of this year, at 1.2 percent.
According to the General Authority for Statistics (GaSTAT), gross domestic product of non-oil sector in Saudi Arabia achieved a more positive growth rate during the first quarter of this year reaching 1.6 percent, while the growth rate of the government’s non-oil sector was about 2.7 percent during the same period.
Data showed that Saudi GDP rose 1.2 percent at the end of the first quarter of this year to reach $ 172.7 billion, compared with $ 170.7 billion during the same period in 2017.
Non-oil GDP rose by 1.6 percent by the end of the first quarter of this year to $ 98.9 billion.