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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