Norway's Government Pension Fund Global (GPFG), the largest foreign fund in Saudi Arabia, had invested SAR 1.71 billion in 34 Tadawul-listed firms by the end of 2016, data compiled by Argaam showed.
GPFG was ranked the world’s biggest sovereign fund in Q3-2016, data of SWF Institute showed.
It invests 60 percent of its capital in stocks, 37 percent in bonds and 3 percent in the real estate market.
The fund owned the largest stake in United International Transportation Company Ltd. (Budget Saudi) at 4.98 percent.
In terms of value, Samba Financial Group and Bupa Arabia for Cooperative Insurance came on top, with total investments of SAR 150 million and SAR 124 million, respectively.
According to fund regulations, GPFG is not allowed to hold over a 10 percent stake in any company.
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GPFG stakes in Saudi stocks as of 2016-end |
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|
Company |
Stake (%) |
No. of shares |
Value (SAR mln) |
|
Budget Saudi |
4.98% |
3,037,800 |
101.8 |
|
Alujain |
2.67 % |
1,847,640 |
36.2 |
|
Herfy |
2.33 % |
1,076,460 |
83.9 |
|
Al Mouwasat |
1.90 % |
950,000 |
139.5 |
|
Al Hokair Tourism |
1.23 % |
676,500 |
25.8 |
|
Bupa Arabia |
1.18 % |
944,000 |
123.8 |
|
Dallah |
1.11 % |
654,900 |
61.8 |
|
Tawuniya |
0.91 % |
910,000 |
98.0 |
|
Aldrees |
0.84 % |
336,000 |
13.0 |
|
Al Othaim |
0.78 % |
351,000 |
34.6 |
|
SADAFCO |
0.73 % |
237,250 |
29.5 |
|
Saudi German |
0.68 % |
625,872 |
45.7 |
|
Al Hokair |
0.66 % |
1,386,000 |
51.0 |
|
SPIMACO |
0.49 % |
588,000 |
24.0 |
|
Al Andalus |
0.36 % |
252,000 |
4.9 |
|
SAMBA |
0.31 % |
6,200,000 |
150.4 |
|
SIIG |
0.28 % |
1,260,000 |
23.5 |
|
Advanced |
0.27 % |
531,344 |
23.9 |
|
SACO |
0.24 % |
57,600 |
4.8 |
|
BSFR |
0.23 % |
2,772,321 |
86.9 |
|
SGS |
0.19 % |
357,200 |
23.0 |
|
SAVOLA |
0.18 % |
961,165 |
38.7 |
|
Jarir |
0.17 % |
153,000 |
17.5 |
|
Care |
0.16 % |
71,760 |
4.7 |
|
Al Marai |
0.15 % |
1,200,000 |
83.5 |
|
SABB |
0.12 % |
1,800,000 |
43.1 |
|
Al Rajhi Bank |
0.12 % |
1,950,000 |
119.6 |
|
YANSAB |
0.10 % |
562,500 |
29.6 |
|
ANB |
0.07 % |
700,000 |
14.4 |
|
Alinma |
0.04 % |
600,000 |
7.9 |
|
SABIC |
0.04 % |
1,200,000 |
100.3 |
|
STC |
0.04 % |
800,000 |
52.6 |
|
Alawwal Bank |
0.03 % |
342,922 |
5.1 |
|
SEC |
0.01 % |
416,659 |
10.4 |
|
Total |
1,713.5 |
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The fund unloaded its stakes in 11 firms for the same period. The largest holding was owned in Al-Khaleej Training and Education Co. at 4.28 percent. Halwani Bros followed (0.89 percent) and Saudi Ceramic Co. (0.44 percent).
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Divestments in 2016 |
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|
Company |
Previous stake % |
No. of Shares |
|
Al Khaleej Training |
4.28 % |
1,712,000 |
|
Halwani |
0.89 % |
254,286 |
|
Ceramic |
0.44 % |
220,000 |
|
Al Tayyar |
0.27 % |
566,055 |
|
Arabian Cement |
0.19 % |
190,000 |
|
Tasnee |
0.18 % |
1,204,045 |
|
Dar Al Arkan |
0.16 % |
1,728,000 |
|
Riyad Bank |
0.03 % |
900,000 |
|
Catering |
0.03 % |
24,000 |
|
SIPCHEM |
0.09 % |
330,000 |
|
Yanbu Cement |
0.06 % |
94,500 |
Meanwhile, the fund acquired stakes in ten stocks. Abdulmohsen Alhokair Group for Tourism and Development Co. was on top with a 1.23 percent stake buy. Abdullah Al Othaim Markets Co. followed with a 0.78 percent stake.
Al-Rajhi Bank was the most valuable stake at SAR 120 million.
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Stakes Acquired in 2016 |
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|
Company |
Stake % |
No. of Shares |
|
Al Hokair Group |
1.23 % |
676,500 |
|
Al Othaim |
0.78 % |
351,000 |
|
Saudi German |
0.68 % |
625,872 |
|
Al Andalus |
0.36 % |
252,000 |
|
SACO |
0.24 % |
57,600 |
|
SGS |
0.19 % |
357,200 |
|
Care |
0.16 % |
71,760 |
|
Al Rajhi Bank |
0.12 % |
1,950,000 |
|
Alinma |
0.04 % |
600,000 |
|
SEC |
0.01 % |
416,659 |
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