A growing number of listed firms in Saudi Arabia are launching new portfolios to boost investments and diversify their income, according to data compiled by Argaam.
In the last 17 months— mainly in 2014— at least 15 companies launched investment portfolios worth SAR 500 million. Last month alone, about five opened new portfolios.
Advanced Petrochemical Co. currently runs three portfolio with a value of SAR 150 million, followed by Gasco at SAR 120 million with two portfolios.
|
Investment Portfolios |
|||
|
Amount SAR (mln) |
Investment firm |
Date |
Company |
|
-- |
Saudi Fransi Capital |
May 27, 2015 |
Sipchem |
|
100 |
Alistithmar Capital |
May 19, 2015 |
Al-Tayyar |
|
-- |
Al-Rajhi Capital |
May 21, 2015 |
Hail Cement |
|
-- |
Saudi Fransi Capital |
May 25, 2015 |
Electrical Industries Co. |
|
12 |
Saudi Fransi Capital |
May 24, 2015 |
SACO |
|
-- |
-- |
Dec. 29, 2014 |
Saudi Ceramic Co. |
|
From 50 to 100 |
-- |
Sep. 15, 2014 |
Arriyadh Development Co. |
|
-- |
BLOM Invest |
Oct. 22, 2014 |
Bawan Co. |
|
-- |
Auda and Jadwa Investment |
Aug. 14, 2014 |
Yamama Cement |
|
150 |
-- |
April 20, 2014 |
Advanced Petrochemical Co. |
|
25 |
Riyad Capital |
Jan. 9, 2014 |
Al Sorayai Trading and Industrial Group |
|
37 |
Aljazira Capital |
Feb. 23, 2014 |
Saudi Transport and Investment Co. |
|
30 |
Saudi Fransi Capital |
Jan. 13, 2014 |
Takween Advanced Industries Co. |
|
-- |
Saudi Fransi Capital |
Feb. 6, 2014 |
eXtra |
|
100 20 |
Derayah Financial Auda Capital and |
Oct. 28, 2014 |
National Gas and Industrialization Co. |
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