Major shareholders up stakes in ten listed firms in H1

03/07/2018 Argaam Special

 

Major shareholders raised their stakes in ten Tadawul-listed companies and eight new shareholders jointed the major owners’ list H1 2018, a recent study conducted by Argaam showed.

 

Saudi Arabia’s Public Investment Fund (PIF) raised its stake by 15.4 percent in Saudi Arabian Mining Co. (Maaden) to 65.43 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 18.50 percent.

 

Companies with Major Shareholder(s) Increasing Stakes (H1 2018)

Company

Major Shareholder

Volume Traded

Change

2017

H1 2018

Maaden

PIF

180.4 mln shares

+15.44%

49.99 %

65.43%

Herfy

Savola

905.5 K shares

+1.40%

47.60 %

49.00%

Fetaihi

Riadh Al Humaidan

605.0 K shares

+1.10%

12.91 %

14.01%

Al Sorayai

Hamdan Al Sorayai

227.3 K shares

+1.01%

5.10 %

6.11%

Riyad

Al Nahla Trading

18.0 mln shares

+0.60%

8.35 %

8.95%

Zoujaj

Riadh Al Humaidan

92.1 K shares

+0.28%

25.34 %

25.62%

Albilad

Mohamed Ibrahim Al Subaie Co.

540.0 K shares

+0.09%

19.09 %

19.18%

BATIC

Family Investment Co.

21.0 K shares

+0.07%

14.93 %

15.00%

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%

 

Eight investors upped their stakes to over 5 percent, including Allianz Europe BV, which bought an 18.50 percent equity in Allianz Saudi Fransi.  

 

Major Ownership Changes (SAR mln)

Company

Shareholder

2017

H1 2018

Electrical Industries

Saad Abdullah Al - Tuwaijri Holding Co.

Less than 5%

22.81%

Alasmak

Awj Investment

Less than 5%

21.49%

Allianz SF

Allianz Europe B.V.

     3.7 mln shares

0.00%

18.50%

Umm Al Qura Cement

Al Abdullahtif Holding Group Co.

Less than 5%

9.33 %

Makkah Construction

Financial Investment Fund 24

Less than 5%

7.43 %

SARCO

Prince Mutaib Bin Abdulaziz

Less than 5%

7.31 %

Halwani

Mohamed Abdul Hameed Halwani Co.

Less than 5%

5.73 %

Shams

Prince Mishaal Saudi bin Abdul Aziz

Less than 5%

5.02 %

 

For equity reduction, Allianz Saudi Fransi saw the steepest decline of 18.50 percent to a 14 percent stake by Banque Saudi Fransi.

 

Companies with Major Shareholder(s) Offloading Stakes (Q1 2018)

Company

Shareholder

2017

Q1 2018

Change

Allianz SF

BSF

3.7 mln shares

(18.50%)

32.50%

14.00%

MEPCO

Lafana Holding

2.4 mln shares

(4.80%)

23.23%

18.43%

NADEC

Abdullah A. Saleh Al Rajhi

2.6 mln shares

(3.02%)

8.33%

5.31%

Najran Cement

Khalid Al Barrak

4.6 mln shares

(2.69%)

11.87%

9.18%

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%

eXtra

Abdul Aziz Al Sagheer Commercial Investment Co.

403.2 K shares

(0.96%)

14.93%

13.97%

Jabal Omar

Jabal Omar founders

7.2 mln shares

(0.78%)

15.19%

14.41%

Makkah Construction

4.6 mln shares

 

(0.50%)

10.31%

9.81%

Tasnee

Al Shair Trade, Industry and Contracting Co.

3.3 mln shares shares

(0.49%)

5.81%

5.32%

Emaar

Dayim Modern Real Estate Co.

3.2 mln  shares

(0.38%)

17.64%

17.26%

Northern Cement

Pan Kingdom Investment Co.

414 K shares

(0.23%)

11.73%

11.50%

 

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.

 

Major Ownership Changes

Company

Shareholder

2017

H1 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 %

 

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%

Al Sorayai

Mohammed Nasser Al Sorayai

8.74 %

Less than 5%

Ma’aden

GOSI

7.98 %

Less than 5%

Public Pension Agency

7.45 %

Less than 5%

SARCO

Prince Mutaib Bin Abdulaziz

7.31 %

Less than 5%

Red Sea

Ameen Mohammed Shaker

7.21 %

Less than 5%

Aldrees

Hamad Mohammed Saad Aldrees

6.76 %

Less than 5%

Arabian Cement

Abdullah A. Saleh Al Rajhi

6.46 %

Less than 5%

Alandalus Property

Abdulah Saad Al Rashid Co.

6.37 %

Less than 5%

Yanbu Cement

Abdullah A. Saleh Al Rajhi

5.98 %

Less than 5%

Aljazira

National Bank of Pakistan

5.83 %

Less than 5%

SAIB

Saudi Oger

5.77 %

Less than 5%

Astra

Al Watanieh Financial/ Swap Agreement

5.62 %

Less than 5%

Tasnee

Gulf Investment Corp.

5.58 %

Less than 5%

Arabian Pipe

Amana Saudi Equity Fund

5.32 %

Less than 5%

Al Ahli Takaful

VHV

5.03 %

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

5.00 %

Less than 5%

 

Ownership Changes – Nomu (H1 2018)

Company

Major Shareholder

Volume Traded

Change

2017

H1 2018

Al Kathiri Holding

Fahd Abdulaziz Al Benyan

933 K shares

+5.83%

6.89%

12.72%

Raydan Restaurants

Awadallah Al Salami

866 K shares

+3.85%

8.40 %

12.25%

Abo Moati

Saad A. Abo Moati

0.8 K shares

+0.08%

15.11 %

15.19%

Arab Sea

Mohammed Saleh Al Suhaibani

800 K shares

(8.00%)

37.91 %

29.91%

Abo Moati

Kasb Capital

8.61%

Less than 5%

 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.