AI Summary
Tadawul trading screen
A total of 37 companies listed on the Saudi Exchange (Tadawul) and Nomu-Parallel Market changed their names after listing, a new study by Argaam showed.
Companies rebranded for various reasons, including mergers and acquisitions, the launch of new identity, and the introduction of new activities, as shown in the following table:
|
Firms rebranding on TASI and Nomu |
|||
|
New Name |
Old Name |
Date of Rebranding |
Reasons |
|
Liva Insurance |
Al Alamiya for Cooperative Insurance Co. |
2023 |
The launch of a new identity |
|
CATRION Catering Holding |
Saudi Airlines Catering Co. |
2023 |
Aligning with the company’s vision |
|
Saudi Awwal Bank (SAB) |
Saudi British Bank (SABB) |
2023 |
The launch of new identity |
|
SAVA Investment Co. |
Filing and Packing Materials Manufacturing Co. (FIPCO) |
2023 |
Repurposing |
|
SHL Finance Co. |
Saudi Home Loans Co. |
2023 |
Repurposing |
|
Sustained Infrastructure Holding (SISCO) |
Saudi Industrial Services Co. (SISCO) |
2023 |
Repurposing |
|
ACWA Power |
International Company for Water and Power Projects |
2022 |
Rebranding after share listing |
|
Alujain Corp. |
Alujain Holding Co. |
2022 |
Repurposing |
|
Cenomi Centers |
Arabian Centres |
2022 |
The launch of a new identity for the group as well as affiliated units |
|
MOBI Industry |
National Chemical Fertilizers Manufacturing Co. |
2022 |
-- |
|
Cenomi Retail |
Fawaz Abdulaziz Alhaokair Co. |
2022 |
The launch of a new identity for the group as well as affiliated units |
|
Sinad Holding |
Aseer Trading Tourism and Manufacturing Co |
2022 |
Repurposing |
|
Gulf Insurance Group (GIG) |
Axa Cooperative Insurance Co. |
2022 |
Selling AXA ownership |
|
Alinma Retail REIT Fund |
Swicorp Wabel REIT Fund |
2022 |
Appointing Alinma Invest as the fund manager |
|
Saudi National Bank (SNB) |
National Commercial Bank (NCB) |
2021 |
A merger with SAMBA Group |
|
SABIC Agri-Nutrients |
Saudi Arabian Fertilizer Co. (SAFCO) |
2021 |
Transferring SABIC ownership |
|
Saudi Research and Media Group |
Saudi Research and Marketing Group |
2021 |
-- |
|
Thimar Development Holding |
National Agricultural Marketing (THIMAR) |
2021 |
Repurposing |
|
Sadr Logistics |
Al-Samaani Factory For Metal Industries Co. |
2021 |
-- |
|
SICO Saudi REIT Fund |
Mashaer REIT Fund |
2021 |
Amending fund manager name |
|
Riyadh Cement Co. |
Saudi White Cement Co. |
2021 |
Repurposing |
|
Alujain Holding |
Alujain Corp. |
2020 |
Repurposing |
|
AYYAN Investment |
Al Ahsa Development Co. |
2020 |
-- |
|
Naseej International Trading |
Al Sorayai Trading and Industrial Gal Asa roup |
2020 |
-- |
|
Sahara International Petrochemical Co. (Sipchem) |
Saudi International Petrochemical Co. (Sipchem) |
2019 |
A merger with Sahara Petrochemicals |
|
Saudi Chemical Holding Co. |
Saudi Chemical Co. |
2019 |
Repurposing |
|
Seera Group Holding |
Al Tayyar Travel Group |
2019 |
Change of Identity |
|
Raydan Food |
Raydan Restaurants |
2019 |
-- |
|
Taiba Investments |
Taiba Holding |
2019 |
Change of Identity |
|
Al Gassim Investment Holding (GACO) |
Al Qassim Agriculture Co. |
2017 |
-- |
|
Batic Investments and Logistics |
Saudi Transport and Investment Co. (Mubarrad) |
2017 |
Change of Identity |
|
Malath Cooperative Insurance |
Malath Insurance |
2017 |
Amending the permit for practicing activities |
|
Red Sea International |
Red Sea |
2017 |
Rebranding |
|
Jazan Energy and Development (JAZADCO) |
Jazan Development |
2017 |
The introduction of new activities |
|
CHUBB Arabia Cooperative Insurance |
ACE Arabia Cooperative Insurance |
2016 |
After ACE Limited acquired CHUBB Corporation |
|
Dallah Healthcare |
Dallah Healthcare Holding |
2016 |
-- |
|
Wafrah for Industry and Development |
Food Products Co. |
2013 |
The introduction of new activities |
|
Anaam International Holding |
Al-Mukairish |
2006 |
Amendment to the company’s objectives |
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