Investments of foreign non-founding investors in Tadawul hits 20-month high

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Updated 06 September 2021
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Investments of foreign non-founding investors in Tadawul hits 20-month high

RIYADH: Investment of foreign non-founding investors in Saudi Arabia’s main stock exchange Tadawul increased to 2.44 percent or SR239 billion in the week ending Sept. 2, compared to 2.42 percent in the previous week.

Non-founding foreign investors are residents and qualified foreign investors.

Ownership of this category of investors reached its highest level in more than 20 months since the listing of Saudi Aramco.

Investments of Gulf investors in the Saudi market stabilized during the same week at 0.51 percent of the total market value of the listed shares, compared to the end of the previous week. The value of their investments totaled SR50.1 billion .

According to Argaam, the founding foreign owners represented 0.54 percent of the total foreign investments in the market during the week ending Sept. 2, equivalent to SR53.8 billion.


QatarEnergy announces force majeure following Iran attacks: statement

Updated 04 March 2026
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QatarEnergy announces force majeure following Iran attacks: statement

DOHA: Qatar’s state-run energy firm on Wednesday declared force majeure following attacks on two of its main facilities that halted liquefied natural gas production and as Iran pressed missile and drone attacks across the Gulf.

“Further to the announcement by QatarEnergy to stop production of liquefied natural gas and associated products, QatarEnergy has declared Force Majeure to its affected buyers,” the company said in a statement.

QatarEnergy invoked the clause, which shields it from penalties and potential breach of contract claims from clients, after stopping LNG production on Monday.

Iranian drones attacked two of the company’s main production hubs in Ras Laffan Industrial City, 80 km north of Doha and in Mesaieed 40 km south of the Qatari capital, Doha’s ministry of defense said at the time.

The Gulf state is one of the world’s top liquefied natural gas producers, alongside the US, Australia and Russia.

On Tuesday, QatarEnergy said it would halt some downstream production of some products including urea, polymers, methanol, aluminum and others.

Qatar shares the world’s largest natural gas reservoir with Iran.

QatarEnergy estimates the Gulf state’s portion of the reservoir, the North Field, holds about 10 percent of the world’s known natural gas reserves.

In recent years, Qatar has inked a series of long-term LNG deals with France’s Total, Britain’s Shell, India’s Petronet, China’s Sinopec and Italy’s Eni, among others.