GOSI sells 11.88% stake in Alujain

21/01/2024 Argaam Exclusive

The following table shows major shareholder changes on Tadawul on Jan. 17.

Major Shareholder Changes

Company / Shareholder Prev. Holding Current Holding Change Number of traded stocks (k) Note
TCC
Khalid Saleh Al-Shithry
 15.65% 15.80% 0.15% 135.00
BUDGET SAUDI
Osool and Bakhit Fund - Mobility
 5.55% 5.66% 0.11% 85.99
ALUJAIN
General Organization for Social Insurance
11.88% Less than 5 % - -
Readers can access the historical database chart of major shareholders ownership changes in Saudi-listed firms on this link: Shareholder List

In November 2023, Alujain Corp. completed the share swap deal with the General Organization for Social Insurance (GOSI) for 9.06 million shares of Alujain. Therefore, Alujain acquired GOSI’s stake in National Petrochemical Industrial Co. (NATPET). Accordingly, GOSI’s ownership in the company reached 11.88% in December 2023.

 

Alujain has recently announced signing an agreement to sell 35% of NATPET to Basell International Holdings B.V. for SAR 1.87 billion.

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