Johnson had found himself in possession of a four-shot lead after carding six birdies - including four in a row from the ninth - and a solitary bogey in his first 12 holes.
But with Johnson safely parring his way home and Li closing his round with back-to-back eagles, World Number Three Johnson was joined at the top on 16 under par.
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The Saudi International powered by SBIA takes place in King Abdullah Economic City at Royal Greens Golf & Country Club. It is the first European Tour event contested in Saudi Arabia. Headlining the field are the world's top golfers Justin Rose, Brooks Koepka, Dustin Johnson and many more.
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Dustin Johnson Highlights | Round 3 | 2019 Saudi International