Major shareholders up stakes in ten listed firms in H1
Major shareholders raised their stakes in ten Tadawul-listed companies and eight new shareholders jointed the major owners’ list H1 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 0.01 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 18.50 percent.
Companies with Major Shareholder(s) Increasing Stakes (H1 2018) |
||||
Company |
Major Shareholder |
Volume Traded |
Change |
|
2017 |
H1 2018 |
|||
Maaden |
PIF |
180.4 mln shares |
+15.44% |
|
49.99 % |
65.43% |
|||
Herfy |
Savola |
905.5 K shares |
+1.40% |
|
47.60 % |
49.00% |
|||
Fetaihi |
Riadh Al Humaidan |
605.0 K shares |
+1.10% |
|
12.91 % |
14.01% |
|||
Al Sorayai |
Hamdan Al Sorayai |
227.3 K shares |
+1.01% |
|
5.10 % |
6.11% |
|||
Riyad |
Al Nahla Trading |
18.0 mln shares |
+0.60% |
|
8.35 % |
8.95% |
|||
Zoujaj |
Riadh Al Humaidan |
92.1 K shares |
+0.28% |
|
25.34 % |
25.62% |
|||
Albilad |
Mohamed Ibrahim Al Subaie Co. |
540.0 K shares |
+0.09% |
|
19.09 % |
19.18% |
|||
BATIC |
Family Investment Co. |
21.0 K shares |
+0.07% |
|
14.93 % |
15.00% |
|||
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% |
Eight investors upped their stakes to over 5 percent, including Allianz Europe BV, which bought an 18.50 percent equity in Allianz Saudi Fransi.
Major Ownership Changes (SAR mln) |
|||
Company |
Shareholder |
2017 |
H1 2018 |
Electrical Industries |
Saad Abdullah Al - Tuwaijri Holding Co. |
Less than 5% |
22.81% |
Alasmak |
Awj Investment |
Less than 5% |
21.49% |
Allianz SF |
Allianz Europe B.V. |
3.7 mln shares |
|
0.00% |
18.50% |
||
Umm Al Qura Cement |
Al Abdullahtif Holding Group Co. |
Less than 5% |
9.33 % |
Makkah Construction |
Financial Investment Fund 24 |
Less than 5% |
7.43 % |
SARCO |
Prince Mutaib Bin Abdulaziz |
Less than 5% |
7.31 % |
Halwani |
Mohamed Abdul Hameed Halwani Co. |
Less than 5% |
5.73 % |
Shams |
Prince Mishaal Saudi bin Abdul Aziz |
Less than 5% |
5.02 % |
For equity reduction, Allianz Saudi Fransi saw the steepest decline of 18.50 percent to a 14 percent stake by Banque Saudi Fransi.
Companies with Major Shareholder(s) Offloading Stakes (Q1 2018) |
||||
Company |
Shareholder |
2017 |
Q1 2018 |
Change |
Allianz SF |
BSF |
3.7 mln shares |
(18.50%) |
|
32.50% |
14.00% |
|||
MEPCO |
Lafana Holding |
2.4 mln shares |
(4.80%) |
|
23.23% |
18.43% |
|||
NADEC |
Abdullah A. Saleh Al Rajhi |
2.6 mln shares |
(3.02%) |
|
8.33% |
5.31% |
|||
Najran Cement |
Khalid Al Barrak |
4.6 mln shares |
(2.69%) |
|
11.87% |
9.18% |
|||
Budget Saudi |
Zahid Group |
1.7 mln shares |
(2.37%) |
|
20.20% |
17.83% |
|||
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% |
|||
eXtra |
Abdul Aziz Al Sagheer Commercial Investment Co. |
403.2 K shares |
(0.96%) |
|
14.93% |
13.97% |
|||
Jabal Omar |
Jabal Omar founders |
7.2 mln shares |
(0.78%) |
|
15.19% |
14.41% |
|||
Makkah Construction |
4.6 mln shares |
(0.50%) |
||
10.31% |
9.81% |
|||
Tasnee |
Al Shair Trade, Industry and Contracting Co. |
3.3 mln shares shares |
(0.49%) |
|
5.81% |
5.32% |
|||
Emaar |
Dayim Modern Real Estate Co. |
3.2 mln shares |
(0.38%) |
|
17.64% |
17.26% |
|||
Northern Cement |
Pan Kingdom Investment Co. |
414 K shares |
(0.23%) |
|
11.73% |
11.50% |
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 |
|||
Company |
Shareholder |
2017 |
H1 2018 |
Electrical Industries |
Saad Abdullah Al - Tuwaijri Holding Co. |
22.81 % |
Less than 5% |
Alasmak |
Prince Mutaib Bin Abdulaziz |
21.49 % |
Less than 5% |
Atheeb (GO) |
Atheeb Trading Ltd. |
16.41 % |
|
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% |
Al Sorayai |
Mohammed Nasser Al Sorayai |
8.74 % |
Less than 5% |
Ma’aden |
GOSI |
7.98 % |
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% |
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% |
Ownership Changes – Nomu (H1 2018) |
||||
Company |
Major Shareholder |
Volume Traded |
Change |
|
2017 |
H1 2018 |
|||
Al Kathiri Holding |
Fahd Abdulaziz Al Benyan |
933 K shares |
+5.83% |
|
6.89% |
12.72% |
|||
Raydan Restaurants |
Awadallah Al Salami |
866 K shares |
+3.85% |
|
8.40 % |
12.25% |
|||
Abo Moati |
Saad A. Abo Moati |
0.8 K shares |
+0.08% |
|
15.11 % |
15.19% |
|||
Arab Sea |
Mohammed Saleh Al Suhaibani |
800 K shares |
(8.00%) |
|
37.91 % |
29.91% |
|||
Abo Moati |
Kasb Capital |
8.61% |
Less than 5% |
|
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