Major shareholders cut stake in 5 Tadawul-listed firms last week

Five major shareholders cut their stakes in five Saudi-listed companies during the week ending May 10, a recent study conducted by Argaam showed.

1) Abdullah A. M. Al-Khodari Sons Holding Co. offloaded its holding in Tadawul-listed Abdullah A. M. Al Khodari Sons Co. by 0.97 percent to 9.37 percent. 

2) Al Shaer Trading Corporation reduced its 5.43 percent equity in the National Industrialization Co. (Tasnee) to 5.32 percent.

3) Bithar Trading Co. cut its stake in Etihad Atheeb Telecommunication Co. (GO) by 1.31 percent to 7.21 percent.

4) Zahid Holding Group reduced its stake in United International Transportation Co. (Budget Saudi) by 0.02 percent to 18.43 percent.

5) Kasb Capital decreased its stake in Nomu-listed Abdulla Saad Abo Moati for Bookstore Co. by 0.02 percent to 6.91 percent.