Major shareholders up stakes in 36 listed firms in 9M
Major shareholders raised their stakes in 36 Tadawul-listed companies and 13 new shareholders joined the major owners’ list over the first nine months of 2018, a recent study conducted by Argaam showed.
Saudi Arabia’s Public Investment Fund (PIF) raised its stake by 15.44 percent in Saudi Arabian Mining Co. (Maaden) to 65.43 percent.
Bupa Investments Overseas Limited increased its stake by 5.00 percent in Bupa Arabia for Cooperative Insurance to 39.25 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 32.50 percent.
Companies with Major Shareholder(s) Increasing Stakes (9M 2018) |
||||
Company |
Major Shareholder |
Volume Traded |
Change |
|
2017 |
9M 2018 |
|||
Maaden |
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 |
1.0 mln shares |
+1.86% |
|
12.91 % |
14.77% |
|||
Al Sorayai |
Hamdan Al Sorayai |
227.3 K shares |
+1.01% |
|
5.10 % |
6.11% |
|||
SIIG |
Public Pension Agency |
4.0 mln shares |
+0.89% |
|
10.67 % |
11.56% |
|||
Sahara |
Public Pension Agency |
3.0 mln shares |
+0.69% |
|
5.95 % |
6.64% |
|||
Riyad |
Al Nahla |
18.0 mln shares |
+0.60% |
|
8.35 % |
8.95% |
|||
Yamama Cement |
Public Pension Agency |
1.1 mln shares |
+0.53% |
|
5.53 % |
6.06% |
|||
Saudi Cement |
Public Pension Agency |
749.7 K shares |
+0.49% |
|
5.62 % |
6.11% |
|||
Petrochem |
Public Pension Agency |
1.8 mln shares |
+0.37% |
|
16.25 % |
16.62% |
|||
SAIB |
Public Pension Agency |
2.6 mln shares |
+0.34% |
|
17.32 % |
17.66% |
|||
Zoujaj |
Riadh Al Humaidan |
92.1 K shares |
+0.28% |
|
25.34 % |
25.62% |
|||
Fitaihi |
Ahmed Hassan Fitaihi |
148.5 K shares |
+0.27% |
|
28.96 % |
29.23% |
|||
NCB |
Public Pension Agency |
6.6 mln shares |
+0.22% |
|
10.04 % |
10.26% |
|||
Steel Pipe |
Khalid Saleh Al Shathry |
81.6 K shares |
+0.16% |
|
10.34 % |
10.50% |
|||
Albilad |
Mohamed Ibrahim Al Subaie Co. |
540.0 K shares |
+0.09% |
|
19.09 % |
19.18% |
|||
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 |
45.0 K shares |
+0.03% |
|
15.47 % |
15.50% |
|||
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 (SAR mln) |
|||
Company |
Shareholder |
2017 |
9M 2018 |
Electrical Industries |
Saad Abdullah Al - Tuwaijri Holding Co. |
Less than 5% |
22.81% |
Jarir |
Jarir Commercial Investment Co. |
Less than 5% |
21.00% |
Allianz SF |
Allianz Europe B.V. |
3.7 mln shares |
|
0.00% 18.50% |
18.50% |
||
Umm Al Qura Cement |
Al Abdullahtif Holding Group Co. |
Less than 5% |
9.33 % |
National Gypsum |
Ahmed Yasin Khayat |
Less than 5% |
8.94% |
Makkah Construction |
Financial Investment Fund 24 |
Less than 5% |
7.43 % |
SARCO |
Awj Investment |
Less than 5% |
7.31 % |
GASCO |
Abdulaziz Al Mohsen |
Less than 5% |
6.13% |
SAFCO |
Public Pension Agency |
Less than 5% |
5.98% |
Al Akaria |
Public Pension Agency |
Less than 5% |
5.91% |
Halwani |
Mohamed Abdul Hameed Halwani Co. |
Less than 5% |
5.73 % |
Shams |
Prince Mishaal Saudi bin Abdul Aziz |
Less than 5% |
5.02 % |
Eight investors upped their stakes to over 5 percent, including Allianz Europe BV, which bought an 18.50 percent equity in Allianz Saudi Fransi.
Companies with Major Shareholder(s) Offloading Stakes (9M 2018) |
||||
Company |
Shareholder |
2017 |
Q1 2018 |
Change |
Allianz SF |
BSF |
3.7 mln shares |
(18.50%) |
|
32.50% |
14.00% |
|||
eXtra |
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% |
|||
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 |
(2.69%) |
|
11.87% |
9.17% |
|||
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% |
|||
Jabal Omar |
Jabal Omar Founders |
7.5 mln shares |
(0.81%) |
|
15.19% |
14.83% |
|||
Tasnee |
Al Shair Trade, Industry and Contracting Co. |
5.4 mln shares shares |
(0.81%) |
|
5.81% |
5.00% |
|||
Al Tayyar |
Nasser Al Tayyar |
1.7 mln shares shares |
||
11.85% |
11.05% |
(0.80%) |
||
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 |
139.5 K shares |
(0.31%) |
|
11.43% |
11.12% |
|||
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. |
414 K shares |
(0.23%) |
|
11.73% |
11.50% |
For equity reduction, Allianz Saudi Fransi saw the steepest decline of 18.50 percent to a 14 percent stake by Banque Saudi Fransi.
Major Ownership Changes |
|||
Company |
Shareholder |
2017 |
9M 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 % |
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 |
8.84 % |
Less than 5% |
|
Muhammad Nasser Al Agil |
8.60 % |
Less than 5% |
|
Muhammad Abdul Rahman Al Agil |
8.61 % |
Less than 5% |
|
Abdullah Abdul Rahman Al Agil |
8.60 % |
Less than 5% |
|
Abdulkarim Abdul Rahman Al Agil |
8.60 % |
Less than 5% |
|
Nasser Abdul Rahman Al Agil |
7.49 % |
Less than 5% |
|
SAIB |
J.P. Morgan Int’l |
7.98 % |
Less than 5% |
Maaden |
GOSI |
7.45 % |
Less than 5% |
Public Pension Agency |
7.31 % |
Less than 5% |
|
SARCO |
Prince Mutaib Bin Abdulaziz |
7.21 % |
Less than 5% |
Red Sea |
Ameen Mohammed Shaker |
6.76 % |
Less than 5% |
Aldrees |
Hamad Mohammed Saad Aldrees |
6.46 % |
Less than 5% |
Arabian Cement |
Abdullah A. Saleh Al Rajhi |
6.37 % |
Less than 5% |
Alandalus Property |
Abdulah Saad Al Rashid Co. |
5.98 % |
Less than 5% |
Yanbu Cement |
Abdullah A. Saleh Al Rajhi |
5.83 % |
Less than 5% |
Aljazira |
National Bank of Pakistan |
5.83 % |
Less than 5% |
Chemanol |
Yusuf bin Ahmed Kanoo Co. |
5.77 % |
Less than 5% |
SAIB |
Saudi Oger |
5.62 % |
Less than 5% |
Astra |
Al Watanieh Financial/ Swap Agreement |
5.58 % |
Less than 5% |
Tasnee |
Gulf Investment Corp. |
5.32 % |
Less than 5% |
Arabian Pipe |
Amana Saudi Equity Fund |
5.03 % |
Less than 5% |
Al Ahli Takaful |
VHV |
5.00 % |
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 |
22.81 % |
Less than 5% |
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.
Ownership Changes – Nomu (9M 2018) |
||||
Company |
Major Shareholder |
Volume Traded |
Change |
|
2017 |
9M 2018 |
|||
Al Kathiri Holding |
Fahd Abdulaziz Al Benyan |
310.1 K shares |
+8.23% |
|
6.89% |
15.12% |
|||
Raydan Restaurants |
Awadallah Al Salami |
877.5 K shares |
+3.90% |
|
8.40% |
12.30% |
|||
Abo Moati |
Saad A. Abo Moati |
46.4 K shares |
+0.29% |
|
15.11% |
15.40% |
|||
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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