KAMCO Invest
Coverage of KAMCO Invest in the Nexus archive.
- Saudi Arabia bucks Gulf trend on foreign buying
Overseas investors added $1.6 billion to Saudi Arabia’s stock exchange in Q2 2026, the only Gulf market with increased net foreign buying. The rise followed Saudi Arabia’s market opening to all overseas investors in February 2026, boosting foreign buying by 75% year-on-year. The Tadawul’s prospects may improve further if foreign ownership limits are lifted from 49%.
- Prewar, Gulf corporate profits were on a tear
Gulf corporate profits reached a record $67.9 billion in Q1 2026, driven by Saudi Aramco's $32 billion and regional banks' $16.9 billion. However, the Iran war, which began on Feb. 28, disrupted operations, causing declines at ADNOC Gas and Industries Qatar. The full impact will be assessed in July with Q2 results amid the Strait of Hormuz closure.