·Source: SouqData proprietary analysis
Foreign Ownership Tracker
Foreign, GCC sovereign wealth fund, and domestic ownership patterns across 585 GCC-listed companies.
Companies Tracked
585
Data Source
Exchange Reports
Highest Foreign %
70.0%
LULU
Flow Data Points
14,851
Foreign Ownership by Exchange
Foreign Ownership by Sector
| Sector | Companies | Avg Foreign % | Level |
|---|---|---|---|
| Energy | 12 | 5.6% | |
| Unknown | 6 | 4.5% | |
| Financials | 156 | 3.6% | |
| Consumer Discretionary | 70 | 3.2% | |
| Information Technology | 28 | 2.9% | |
| Materials | 91 | 2.5% | |
| Consumer Staples | 54 | 2.4% | |
| Communication Services | 17 | 2.4% | |
| Industrials | 96 | 1.7% | |
| Health Care | 31 | 1.1% | |
| Utilities | 15 | 0.6% | |
| Real Estate | 6 | 0.5% | |
| Consumer Services | 2 | 0% | |
| Non-Energy Minerals | 1 | 0% |
Monthly Foreign Ownership Trend
| Month | Companies | Avg Foreign % |
|---|---|---|
| 2025-01 | 1080 | 10.5% |
| 2025-02 | 1026 | 10.5% |
| 2025-03 | 1026 | 10.5% |
| 2025-04 | 1026 | 10.5% |
| 2025-05 | 1134 | 10.6% |
| 2025-06 | 1026 | 10.6% |
| 2025-07 | 1242 | 10.8% |
| 2025-08 | 1134 | 10.8% |
| 2025-09 | 1188 | 10.9% |
| 2025-10 | 897 | 11% |
| 2025-12 | 92 | 0.9% |
| 2026-01 | 1100 | 11% |
| 2026-02 | 1045 | 11.1% |
| 2026-03 | 1048 | 10.9% |
| 2026-04 | 785 | 3.8% |
| 2202-10 | 1 | 0% |
| 2203-09 | 1 | 0% |
Highest Foreign Ownership
Companies with the highest identified foreign investor ownership percentage.
| Company | Exchange | Sector | Foreign % | GCC SWF % | Source |
|---|---|---|---|---|---|
 LULU Lulu Retail Holdings PLC | ADX | Consumer Discretionary | 70.0% | 20.0% | exchange |
 LIVA Liva | MSX | Consumer Discretionary | 48.9% | 0.0% | inferred |
 8210 Bupa Arabia for Cooperative Insurance Co. | TDWL | Financials | 43.3% | 0.0% | exchange |
 KIB Kuwait International Bank KSC | BK | Financials | 37.2% | 12.0% | inferred |
 WDAM Widam Food Company Q. S. C | QSE | Consumer Staples | 30.8% | 1.3% | exchange |
 SIBK Safwa Islamic Bank | ASE | Unknown | 26.2% | 9.4% | inferred |
 BBK Bank of Bahrain and Kuwait B.S.C. | BHB | Financials | 26.2% | 115.4% | inferred |
 CBQK Commercial Bank (Q.S.C.) | QSE | Financials | 25.9% | 2.9% | exchange |
 IHGS Inma Holding Company | QSE | Financials | 24.6% | 1.8% | exchange |
 QIGD Qatari Investors Group | QSE | Materials | 24.5% | 0.3% | exchange |
 ADNIC Abu Dhabi National Insurance Company | ADX | Financials | 24.0% | 0.0% | inferred |
 9557 Edarat Communication and Information Technology Co. | TDWL | Information Technology | 23.5% | 0.0% | exchange |
 ABK Al Ahli Bank Of Kuwait | BK | Financials | 22.7% | 0.0% | inferred |
 QGMD Qatar German For Medical Devices | QSE | Consumer Staples | 22.5% | 1.4% | exchange |
 DANA DANA GAS PJSC | ADX | Energy | 20.0% | 0.0% | inferred |
 SHELLOM Shell Oman Marketing | MSX | Energy | 20.0% | 6.5% | inferred |
 QIIK Qatar International Islamic Bank | QSE | Financials | 19.6% | 0.8% | exchange |
 MFMS Mosanada Facilities Management Services Q.P.S.C. | QSE | Industrials | 18.9% | 0.0% | exchange |
 MCGS Medicare Group QSC | QSE | Health Care | 18.5% | 0.2% | exchange |
 DBIS Dlala Brokerage and Investment Holding Company | QSE | Financials | 17.3% | 1.2% | exchange |
QIBK Qatar Islamic Bank | QSE | Financials | 17.0% | 1.6% | exchange |
 DHBK Doha Bank | QSE | Financials | 17.0% | 1.1% | exchange |
 QGTS Qatar Gas Transport Co. | QSE | Industrials | 16.8% | 6.3% | exchange |
 NLCS Alijarah Holding | QSE | Financials | 16.4% | 3.9% | exchange |
 MARK AlRayan Bank | QSE | Financials | 16.1% | 4.9% | exchange |
 QISI Qatar Islamic Insurance Group | QSE | Financials | 16.1% | 0.4% | exchange |
 QNBK Qatar National Bank QPSC | QSE | Financials | 15.4% | 1.3% | exchange |
 QLMI QLM Life & Medical Insurance Company QPSC | QSE | Financials | 15.1% | 1.5% | exchange |
 PRESIGHT Presight AI Holding PLC | ADX | Information Technology | 15.0% | 0.0% | inferred |
 ORDS Ooredoo Q.P.S.C | QSE | Communication Services | 14.7% | 9.1% | exchange |
Methodology
Data Sources: Monthly ownership reports from Saudi Exchange (Tadawul) and other GCC exchanges.
Foreign Classification: Shareholders are classified as foreign based on name matching against known international institutional investors (BlackRock, Vanguard, etc.) and explicit foreign ownership labels.
GCC SWF: Sovereign wealth fund ownership identified via known GCC SWF names (ADIA, Mubadala, PIF, QIA, KIA, ICD, etc.).
IR Context: Per the Saudi Exchange IR Best Practice Toolkit, foreign ownership is a key IR KPI. The 2019 MSCI/FTSE inclusion of Saudi Arabia was a major catalyst for foreign inflows.
Limitations: Nominee and custodian holdings may obscure the ultimate beneficial owner. Inferred classification from names is approximate.
This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.
Unlock the full SouqData platform
Get unlimited access to 180+ insight pages, AI copilot, deep research reports, watchlists, portfolio tracking, and the full 210-column screener across 11 MENA exchanges.