Weekly Market Brief – 6/30/2023

Saudi Arabia Macroeconomic Developments

• According to the General Authority for Statistics, the labor force participation of Saudis increased annually by 2.3 percentage points in the first quarter. The employment-to-population ratio also increased by 2.9 percentage points. Labor force participation among Saudi females rose by 2.4 percentage points YoY in the first quarter of 2023 to 36 percent, remaining unchanged compared to the last quarter of 2022.

• There was no trading on the Tadawul last week in observance of the Eid holidays.