Major shareholders raised their stakes in 42 Tadawul-listed companies and 14 new shareholders joined the major owners’ list in 2018, a recent study conducted by Argaam showed.
Saudi Arabia’s Public Investment Fund (PIF) raised its stake by 15.4 percent in Saudi Arabian Mining Co. (Maaden) to 65.43 percent.
In Herfy Food Services, Savola Group increased its shareholding by 1.40 percent to 49 percent.
Hamdan Al Sorayai boosted his ownership in Al Sorayai Trading and Industrial Group to 6.11 percent - a 1.01 percent increase.
Meanwhile, Allianz Saudi Fransi Cooperative Insurance Co. saw the biggest share sale by a major shareholder, where Banque Saudi Fransi (BSF) reduced its ownership to 14 percent from 32.50 percent in 2017.
|
Companies with Major Shareholder(s) Increasing Stakes (2018) |
||||
|
Company |
Major Shareholder |
Volume Traded |
Change |
|
|
2017 |
2018 |
|||
|
Ma’aden |
PIF |
180.4 mln shares |
+15.44% |
|
|
49.99 % |
65.43% |
|||
|
Bupa Arabia |
Bupa Investment Overseas Ltd |
4.0 mln shares |
+5.00% |
|
|
34.25 % |
39.25% |
|||
|
Herfy |
Savola Group |
905.5 K shares |
+1.40% |
|
|
47.60 % |
49.00% |
|||
|
Fitaihi |
Riadh Al Humaidan |
1.1 mln shares |
+2.09% |
|
|
12.91 % |
15.00% |
|||
|
Al Sorayai |
Hamdan Al Sorayai |
227.3 K shares |
+1.01% |
|
|
5.10 % |
6.11% |
|||
|
SIIG |
Public Pension Agency |
6.2 mln shares |
+1.37% |
|
|
10.67 % |
12.04% |
|||
|
Qassim Cement |
792K shares |
+0.88% |
||
|
5.67% |
6.55% |
|||
|
Sahara |
3.0 mln shares |
+0.69% |
||
|
5.95 % |
6.64% |
|||
|
Riyad |
Al Nahla |
11.4 mln shares |
+0.38% |
|
|
8.35 % |
8.73% |
|||
|
Yamama Cement |
Public Pension Agency |
2.7 mln shares |
+1.34% |
|
|
5.53 % |
6.87% |
|||
|
Saudi Cement |
749.7 K shares |
+0.49% |
||
|
5.62 % |
6.11% |
|||
|
Petrochem |
4.1 mln shares |
+0.86% |
||
|
16.25 % |
17.11% |
|||
|
SAIB |
2.6 mln shares |
+0.34% |
||
|
17.32 % |
17.66% |
|||
|
Zoujaj |
Riadh Al Humaidan |
134.9 K shares |
+0.41% |
|
|
25.34 % |
25.75% |
|||
|
Samba |
Public Pension Agency |
5.6 mln shares |
+0.28% |
|
|
15.04% |
15.32% |
|||
|
Fitaihi |
Ahmed Hassan Fitaihi |
297 K shares |
+0.54% |
|
|
28.96 % |
29.50% |
|||
|
NCB |
Public Pension Agency |
6.6 mln shares |
+0.22% |
|
|
10.04 % |
10.26% |
|||
|
Steel Pipe |
Khalid Saleh Al Shathry |
92 K shares |
+0.23% |
|
|
10.34 % |
10.57% |
|||
|
Albilad |
Mohamed Ibrahim Al Subaie Co. |
900.0 K shares |
+0.15% |
|
|
19.09 % |
19.24% |
|||
|
Riyad |
Public Pension Agency |
2.7 mln shares |
+0.09% |
|
|
9.18 % |
9.27% |
|||
|
BATIC |
Family Investment Co. |
21.0 K shares |
+0.07% |
|
|
14.93 % |
15.00% |
|||
|
Taiba |
Mohammed Saleh Serafi |
75.0 K shares |
+0.05% |
|
|
15.47 % |
15.52% |
|||
|
Al Sorayai |
Saleh Nasser Al Sorayai |
4.5 K shares |
+0.02% |
|
|
6.13 % |
6.15% |
|||
|
Savola |
Abdulkadir Al Muhaidib & Sons co. |
53.4 K shares |
+0.01% |
|
|
8.22 % |
8.23% |
|||
|
Makkah Construction |
Mohammed Saleh Serafi |
16.5 K shares |
+0.01% |
|
|
18.16 % |
18.17% |
|||
|
Major Ownership Changes |
|||
|
Company |
Shareholder |
2017 |
2018 |
|
Electrical Industries |
Saad Abdullah Al - Tuwaijri Holding Co. |
22.81 % |
Less than 5% |
|
Alasmak |
Prince Mutaib Bin Abdulaziz |
21.49 % |
Less than 5% |
|
Al Hammadi |
Jadwa Healthcare Opportunities Co. |
21.00% |
Less than 5% |
|
Atheeb (GO) |
Atheeb Trading Ltd. |
16.41 % |
Less than 5% |
|
Al Tayyar |
Al Tayyar Real Estate Investment & Development |
15.82 % |
Less than 5% |
|
Al Khodari |
Al Khodari Holding Co. |
13.89 % |
Less than 5% |
|
Najran Cement |
Abdullah A. Saleh Al Rajhi |
12.43 % |
Less than 5% |
|
Al Hassan Shaker |
Abdulkadir Al Muhaidib & Sons co. |
12.21 % |
Less than 5% |
|
Umm Al Qura |
Villa Int’l Project Co. |
9.33 % |
Less than 5% |
|
Bupa Arabia |
Modern Software Solutions for Computer Services Co. |
9.00 % |
Less than 5% |
|
Al Sorayai |
Mohammed Nasser Al Sorayai |
8.74 % |
Less than 5% |
|
Jarir |
Muhammad Nasser Al Agil |
8.84 % |
Less than 5% |
|
Abdul Salam Abdul Rahman Nasser Al Agil |
8.60 % |
Less than 5% |
|
|
Abdullah Abdul Rahman Al Agil |
8.61 % |
Less than 5% |
|
|
Abdulkarim Abdul Rahman Al Agil |
8.60 % |
Less than 5% |
|
|
Nasser Abdul Rahman Al Agil |
8.60 % |
Less than 5% |
|
|
SAIB |
J.P. Morgan Int’l |
7.49% |
Less than 5% |
|
Ma’aden |
GOSI |
8.98% |
Less than 5% |
|
Public Pension Agency |
7.45% |
Less than 5% |
|
|
SARCO |
Prince Mutaib Bin Abdulaziz |
7.31% |
Less than 5% |
|
Red Sea |
Ameen Mohammed Shaker |
7.21% |
Less than 5% |
|
Aldrees |
Hamad Mohammed Saad Aldrees |
6.76% |
Less than 5% |
|
Arabian Cement |
Abdullah A. Saleh Al Rajhi |
6.46% |
Less than 5% |
|
Alandalus Property |
Abdulah Saad Al Rashid Co. |
6.37% |
Less than 5% |
|
Yanbu Cement |
Abdullah A. Saleh Al Rajhi |
5.98 % |
Less than 5% |
|
Aljazira |
National Bank of Pakistan |
5.83 % |
Less than 5% |
|
Chemanol |
Yusuf bin Ahmed Kanoo Co. |
5.83 % |
Less than 5% |
|
Tasnee |
Shairco for Trading Industry and Contracting |
5.81% |
Less than 5% |
|
SAIB |
Saudi Oger |
5.77% |
Less than 5% |
|
Astra |
Al Watanieh Financial/ Swap Agreement |
5.62% |
Less than 5% |
|
Tasnee |
Gulf Investment Corp. |
5.58 % |
Less than 5% |
|
Arabian Pipe |
Amana Saudi Equity Fund |
5.32% |
Less than 5% |
|
Al Ahli Takaful |
VHV |
5.03% |
Less than 5% |
|
Aljazira Takaful |
Khaled Al Baltan Group |
5.00% |
Less than 5% |
|
Al Qasabi Contracting |
5.00% |
Less than 5% |
|
|
Khalifa Abdul Latif & Co. |
5.00% |
Less than 5% |
|
|
Sokouk Regional Co. |
5.00% |
Less than 5% |
|
|
Aljazira |
Saleh Kamel |
5.00% |
Less than 5% |
|
Dur |
Mohammed Ibrahim Al Ghamdi |
5.00% |
Less than 5% |
For equity reduction, Allianz Saudi Fransi saw a steep decline of 18.50 percent to a 14 percent stake by Banque Saudi Fransi.
|
Companies with Major Shareholder(s) Offloading Stakes (2018) |
||||
|
Company |
Shareholder |
2017 |
2018 |
Change |
|
MedGulf |
MedGulf |
16.2 mln shares |
(20.25%) |
|
|
40.50% |
20.25% |
|||
|
Allianz SF |
BSF |
3.7 mln shares |
(18.50%) |
|
|
32.50% |
14.00% |
|||
|
L’Azurde |
L’Azurde Holding |
6.4 mln shares |
(14.90%) |
|
|
69.95% |
55.05% |
|||
|
eXtra |
Al Fozan Holding |
5.9 mln shares |
(11.77%) |
|
|
45.42% |
33.65% |
|||
|
Abdulaziz Alsaghyir Commercial Investment Co. |
3.6 mln shares |
(7.27%) |
||
|
14.93% |
7.66% |
|||
|
MEPCO |
Lafana Holding |
2.4 mln shares |
(4.80%) |
|
|
23.23% |
18.43% |
|||
|
SASCO |
Nahaz Commercial Investment Co. |
2.4 mln shares |
(4.50%) |
|
|
11.75% |
7.25% |
|||
|
SGS |
National Aviation Ground Support Co. |
6.3 mln shares |
(3.33%) |
|
|
14.70% |
11.37% |
|||
|
NADEC |
Abdullah A. Saleh Al Rajhi |
2.8 mln shares |
(3.29%) |
|
|
8.33% |
5.04% |
|||
|
Najran Cement |
Khalid Al Barrak |
4.6 mln shares |
(2.70%) |
|
|
11.87% |
9.17% |
|||
|
Budget Saudi |
Zahid Group |
2.6 mln shares |
(3.72%) |
|
|
20.20% |
16.48% |
|||
|
Al Sorayai |
Nafea Nasser Al Sorayai |
533.3 K shares |
(2.37%) |
|
|
9.71% |
7.34% |
|||
|
SACO |
Al Humaidi Contracting Co. |
525.6 K shares |
(2.19%) |
|
|
17.74% |
15.55% |
|||
|
SAFCO |
GOSI |
7.1 mln shares |
(1.70%) |
|
|
12.24% |
10.54% |
|||
|
SACO |
Khaled Al Humaidi |
319.2 K shares |
(1.33%) |
|
|
6.43% |
5.10% |
|||
|
Jabal Omar |
Jabal Omar Founders |
7.5 mln shares |
(0.81%) |
|
|
15.19% |
14.83% |
|||
|
Al Tayyar |
Nasser Al Tayyar |
1.7 mln shares shares |
||
|
11.85% |
11.05% |
(0.80%) |
||
|
Al Khaleej Training |
Al Waleed Abdulraziq Saleh Al Draiaan |
30.1.5 K Shares |
(0.67%) |
|
|
10.80% |
10.13% |
|||
|
Jabal Omar |
Makkah Construction |
4.6 mln shares |
(0.50%) |
|
|
10.31% |
9.81% |
|||
|
Emaar |
Dayim Modern Real Estate Co. |
3.2 mln shares |
(0.38%) |
|
|
17.64% |
17.26% |
|||
|
Tabuk Agriculture |
Khalid Saleh Al Shathry |
355.5 K shares |
(0.32%) |
|
|
11.43% |
10.64% |
|||
|
Gulf Union |
Gulf Union Insurance and Risk Management Co. |
37.5 K shares |
(0.25%) |
|
|
23.49% |
23.24% |
|||
|
Northern Cement |
Pan Kingdom Investment Co. |
576 K shares |
(0.32%) |
|
|
11.73% |
11.41% |
|||
|
Sipchem |
Ikarus Petroleum Industries Co. Holding |
440 K shares |
(0.12%) |
|
|
8.17% |
8.05% |
|||
Leaving the Saudi major shareholders’ list, Prince Miteb Al-Saud cut his stake in Saudi Fisheries Co. to less than 5 percent. Al-Tayyar Real-Estate Investment & Development Co. also reduced its holding to less than 5 percent in Al-Tayyar Travel Group.
|
Major Ownership Changes (SAR mln) |
|||
|
Company |
Shareholder |
2017 |
2018 |
|
Electrical Industries |
Saad Abdullah Al - Tuwaijri Holding Co. |
Less than 5% |
22.81% |
|
Jarir |
Jarir Commercial Investment Co. |
Less than 5% |
21.00% |
|
MedGuld |
Abunayyan Trading |
Less than 5% |
19.99% |
|
Allianz SF |
Allianz Europe B.V. |
3.7 mln shares |
|
|
0.00% |
18.50% |
||
|
L’Azurde |
Abdulaziz Saleh Al Othaim |
Less than 5% |
14.89% |
|
Umm Al Qura Cement |
Al Abdullahtif Holding Group Co. |
Less than 5% |
9.33 % |
|
National Gypsum |
Ahmed Yasin Khayat |
Less than 5% |
10.37% |
|
Makkah Construction |
Financial Investment Fund 24 |
Less than 5% |
7.43 % |
|
SAIB |
SAIB |
Less than 5% |
7.49% |
|
SARCO |
Awj Investment |
Less than 5% |
7.31 % |
|
GASCO |
Abdulaziz Al Mohsen |
Less than 5% |
6.13% |
|
SAFCO |
Public Pension Agency |
Less than 5% |
6.87% |
|
Al Akaria |
Public Pension Agency |
Less than 5% |
5.91% |
|
Halwani |
Mohamed Abdul Hameed Halwani Co. |
Less than 5% |
5.73 % |
|
Zamil |
Waleed Al Zamil |
Less than 5% |
5.28% |
|
Zamil Investment Group Co. Ltd. |
Less than 5% |
5.15% |
|
|
Shams |
Prince Mishaal Saudi bin Abdul Aziz |
Less than 5% |
5.02 % |
|
REITs with Major Ownership Changes (2018) |
||||
|
REIT |
Major Shareholder |
Previous stake |
Current stake |
Change |
|
Aljazira REIT |
Hadn Investment Co. |
13.47% |
Less than 5% |
-- |
|
Al Mashaar REIT |
Eskan Development & Investment |
721.2 K units |
(1.26%) |
|
|
51.87% |
50.61% |
|||
|
Al Maathar REIT |
Sahara Al Arabia Real Estate |
Less than 5% |
16.16% |
+1.40% |
|
Zawyat Al Maathar Real Estate Co |
15.10% |
Less than 5% |
|
|
|
Jadwa REIT Saudi |
Al Muhaidib Holding |
13.45 mln Units |
+8.51% |
|
|
17.08% |
25.59% |
|||
|
Al Ather for Real Estate |
16.16% |
Less than 5% |
-- |
|
|
Dar Al Yaum for Press, Printing & Publishing |
1.99 mln units |
(1.26%) |
||
|
12.65% |
11.39% |
|||
|
SEDCO Capital REIT |
Saudi Economic and Development Company |
90 K Units |
+0.15% |
|
|
5.36% |
5.51% |
|||
|
Swicorp Wabel REIT |
Prince Nayef Sultan Al Saud |
Less than 5% |
8.45% |
-- |
|
Al Awael for Real Estate |
8.89 % |
Less than 5% |
-- |
|
|
Derayah REIT |
Nesaj Real Estate Developement Co. |
5.02% |
Less than 5% |
-- |
|
Khaled Abdulaziz Sulaiman Al Muqairan |
505.3 K Units |
(0.47%) |
||
|
28.96 % |
29.50% |
|||
|
Musharakah REIT |
Mohammed Salmeen Al Nahdi |
1.18 mln units |
(1.34%) |
|
|
6.83% |
5.49% |
|||
|
Ownership Changes – Nomu (2018) |
||||
|
Company |
Major Shareholder |
Volume Traded |
Change |
|
|
2017 |
9M 2018 |
|||
|
Al Kathiri Holding |
Fahd Abdulaziz Al Benyan |
377.1 K shares |
+10.01% |
|
|
6.89% |
16.90% |
|||
|
Raydan Restaurants |
Awadallah Al Salami |
877.5 K shares |
+3.90% |
|
|
8.40% |
12.30% |
|||
|
Abo Moati |
Saad A. Abo Moati |
49.6 K shares |
+0.31% |
|
|
15.11% |
15.42% |
|||
|
Raydan Restaurants |
Meshal Al Salami |
261.0 K shares |
(1.16%) |
|
|
8.40% |
7.24% |
|||
|
Arab Sea |
Mohammed Saleh Al Suhaibani |
800 K shares |
(8.00%) |
|
|
37.91% |
29.91% |
|||
|
Abo Moati |
Kasb Capital |
8.61% |
Less than 5% |
|
|
Raydan Restaurants |
Mohamed Al Salami |
Less than 5% |
|
5.00% |
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