The volume of Saudi investments in the UAE stock market is increasing continuously year after year, which put them in the first place as the most Arab nationalities investing in Emirati stocks in light of the growing relations and strategic partnership between the two countries.
Observers believe that the relations and the strategic partnership between the UAE and Saudi Arabia extended to all aspects and areas, including the stock markets, which witnessed a significant increase in the frequency of mutual investments between Emiratis and Saudis, noting that Saudi investment in the UAE markets is at the forefront of the Arab and Gulf investment movement, as the Saudis are from The top 10 nationalities invested in local stocks.
Dubai market
The Dubai Financial Market revealed to the «Economic Statement» that there are 4,7065 Saudi investors who own 2.37 billion shares in the market, worth 4,107 billion dirhams, according to the latest statistics until the end of last August, adding that Saudi investors in the market are distributed by 46,8 thousand individual investors, 233 companies and 19 companies per person. The one, and 12 banks.
The market indicated that the Saudis’ ownership of local shares is mainly concentrated in the real estate sector with 1.13 billion shares worth 1.74 billion dirhams, followed by banks with 411.8 million shares worth 1.23 billion dirhams, then the transfer of 277.34 million shares worth 679.89 million dirhams, followed by financial services 180.3 million shares equivalent It is worth 183.25 million dirhams.
The consumer goods sector ranks fifth, with ownership of 173.5 million shares worth 23.4 million dirhams, followed by the services sector with 140.6 million shares, equivalent to 127.8 million dirhams, then telecommunications with 20.68 million shares worth 56.4 million dirhams, and the industrial sector 17.2 million shares worth 41.24 million Dirhams, then insurance with about 22.2 million shares, at a value of 15.78 million dirhams, while their ownership in private joint stock companies amounts to 9 million shares, at a value of 2.1 million dirhams.
According to the Dubai Financial Market, the total value of purchase deals for Saudi investors in the Dubai Financial Market since the beginning of this year until the end of last August reached about 1.157 billion shares worth 1.641 billion dirhams, compared to sales of 856.25 million shares worth 1.25 billion dirhams, with a net investment of 391 million AED as purchase proceeds.
Abu Dhabi Market
In the Abu Dhabi Stock Exchange, Saudis occupy the first place as they are the largest Arab nationalities investing in the market, with a share of 2% of the total trading in the market, as their total trades since the beginning of this year until the end of last August amounted to about 1.17 billion dirhams distributed by 878.4 million dirhams in purchases and 293 million dirhams. .05 million dirhams sales, net of investment of 585.4 million dirhams as proceeds from the purchase.
According to Abu Dhabi Market data, the number of shares purchases by Saudi investors in the market amounted to approximately 844.47 million shares, with a share representing 3.86% of total market trading, distributed by 536.4 million purchasing shares and 308 million sales shares, with a net investment of 228.4 million shares as a result of purchase, and the number of Saudi investor deals reached During the same period, the market witnessed about 16.67 thousand executed deals, distributed by 11.58 thousand buy and 5.08 thousand sales deals.
The number of Saudi investors in the Abu Dhabi Stock Exchange is estimated at 147,450 thousand investors, including 154 investment institutions, according to the latest statistics announced by the market, thus occupying the first place among non-Emirati investors in terms of the total number of investors in the market.
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