A look at GOSI stakes in Tadawul-listed firms post-merger with PPA

02/08/2021 Argaam Special

Logo of GOSI


Saudi Arabia’s General Organization for Social Insurance (GOSI), which oversees the Kingdom’s national insurance scheme, announced, on Aug. 1, the update of its ownership register at Securities Depository Center (Edaa), to reflect its ownership of the stakes recorded previously in the name of Public Pension Agency (PPA). 

 

The step follows the implementation of the Saudi Cabinet's decision to merge the PPA into GOSI and transfer the former's assets to the latter as of Aug. 1.

 

The major shareholder list published by Tadawul showed GOSI's new ownership in 30 listed companies. Both institutions were among the shareholders of 20 companies, and GOSI appeared among the shareholders of the remaining 10 firms after the merger, as shown in the tables below:

 

GOSI Ownership in Listed Companies After Merger with PPA

Company

Pre-Merger Ownership

Post-Merger Ownership

Tawuniya

GOSI

17.88%

36.77%

 

PPA

18.89%

SAIB

GOSI

16.56%

30.56%

PPA

13.99%

Petrochem

GOSI

11.30%

24.98%

 

PPA

13.68%

Riyad Bank

GOSI

16.72%

21.09%

Saudi Ceramic

GOSI

11.24%

14.40%

Southern Cement

GOSI

10.87%

14.17%

Qassim Cement

GOSI

10.14%

13.59%

SNB

GOSI

5.81%

13.21%

 

PPA

7.40%

SIIG

PPA

8.96%

13.14%

BSF

GOSI

8.98%

12.60%

Yansab

GOSI

7.64%

11.07%

Savola

GOSI

6.67%

10.99%

SABIC Agri-Nutrients

GOSI

7.74%

10.91%

Al Rajhi Bank

GOSI

5.86%

9.61%

Mobily

GOSI

6.90%

9.54%

SPIMACO

PPA

8.15%

8.15%

ANB

GOSI

7.21%

7.63%

Yanbu Cement

GOSI

7.42%

7.42%

SABB

GOSI

5.30%

6.38%

Eastern Cement

PPA

5.75%

5.75%

 

Companies in which GOSI Appeared as Shareholder After Merger

 

Company

Ownership

Tasnee

9.16%

Al Othaim

9.13%

SABIC

7.64%

Advanced

6.78%

Dur

6.69%

stc

6.16%

Saudi Cement

6.15%

Mouwasat

5.75%

Seera Holding

5.35%

Budget Saudi

5.03%

 

 

 

 
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