Saudi Stocks Extend Losses on Caution Over Market Reforms

Visitors look at stock price information displayed on a digital screen inside the Saudi Stock Exchange, also known as the Tadawul, in Riyadh, Saudi Arabia, on Tuesday, April 10, 2018. Foreign investors bought more Saudi stocks in March than ever before in anticipation of the kingdom’s upgrade to emerging-market status.Photographer: Abdulrahman Abdullah/Bloomberg

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November 2, 2025 at 2:53 PM UTC

Saudi Arabian equities fell the most since late September after the country’s markets regulator suggested it may take longer than expected to roll out reforms allowing foreign investors to own a majority share in local companies.

The Tadawul All Share Index slipped 1% on Sunday, a second session of declines. Banks were the second-biggest losers, with Al Rajhi Bank slumping to a five-week low. Companies, including Al Rajhi, had rallied on expectations that the regulator would relax rules before the end of 2025, allowing international investors to own more than a 49% stake in Saudi companies.