Saudi stocks face major ownership changes on June 22

Saudi-listed companies will see major ownership changes on June 22, according to filings with the Capital Market Authority. The disclosures cover shifts in stakes held by large shareholders across multiple sectors, from petrochemicals to retail and telecom.

The filings typically follow threshold crossings – when a shareholder's holding moves above or below 5%, 10%, or other regulatory triggers. The changes announced for June 22 include both increases and decreases in ownership, the filings show.

The TASI index has risen about 8% year-to-date, supported by foreign buying. The ownership changes come as the market trades near its all-time highs. Exchange data show foreign investors have been net buyers of Saudi equities for six consecutive months.