Saudi Shares Surge as Regulators Plan Easing of Foreign Ownership Cap
The benchmark index rose 4.9% in early trade on September 24th, 2025, putting it on track for the largest single-day gain in more than five years.
Saudi Arabia’s stock market jumped after the Capital Market Authority said it plans to ease foreign ownership limits on listed companies. The benchmark index rose 4.9% in early trade on September 24th, 2025, putting it on track for the largest single-day gain in more than five years.
The regulator said it is close to easing foreign ownership limits that are currently capped at 49%. Shares in Al Rajhi Bank rose 10%, hitting the maximum daily trading limit, and Saudi National Bank also gained 10%, while Saudi Aramco was up 0.8%. Market capitalisation increased by about USD 123 billion as every industry group advanced.
The moves in heavyweight banking shares led gains as traders positioned for potential changes to ownership rules across the market. The wider index rally followed the statement that easing of the 49% limit is nearing, lifting sentiment across sectors.
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