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Foreign Investors Adjust Stakes: Key Shifts for Alwasail and Bazaeem
On March 11, 2024, in Riyadh, a report highlighted significant changes in foreign investments within the Saudi Stock Exchange, showing an increase in foreign ownership in 104 companies, notably with Alwasail Industrial leading the surge, and a decrease in 121 others, with Baazeem topping the list of reductions. This activity comes amidst a trading day where 27.6 million shares were bought and 18.9 million sold, marking a notable shift in foreign investor engagement in Saudi’s market.
