Foreign investors own more than 5% stake in 73 Tadawul-listed companies
Tadawul trading screen
Foreign investors own more than 5% stake in 73 Tadawul-listed companies, according to data compiled by Argaam.
Foreign investors’ ownership includes swap agreements, qualified foreign investors (QFIs) and resident investors. However, it does not include strategic shareholdings of founding investors.
United International Transportation Co. (Budget Saudi) came first in terms of foreign investor ownership, excluding strategic investor shareholding, with 30.68%. It was followed by Alinma Tokio Marine Co. with 29.28%.
Companies with Foreign Ownership Exceeding 5% |
|
Company |
Ownership % |
Budget Saudi |
30.68% |
Alinma Tokio |
29.28% |
Arabia Insurance |
29.22% |
AXA Cooperative |
21.70% |
Astra Industrial |
21.09% |
Banque Saudi Fransi |
17.50% |
Saudi Enaya |
17.33% |
Saudi Steel Pipe |
17.19% |
Bank Aljazira |
16.19% |
eXtra |
15.90% |
Saudi Ceramic |
15.24% |
Jarir |
15.11% |
Bawan |
12.79% |
Al Rajhi Bank |
12.53% |
Mouwasat |
12.39% |
Saudi Kayan |
12.30% |
Alinma Bank |
12.28% |
SIIG |
12.21% |
Tawuniya |
12.20% |
Al Othaim |
11.40% |
SNB |
11.25% |
Arriyadh Development |
11.24% |
Tasnee |
11.18% |
Sipchem |
11.18% |
Aldrees |
11.15% |
Bupa Arabia |
10.91% |
Leejam Sports |
10.83% |
Dar Al Arkan |
10.81% |
Care |
10.74% |
Zain KSA |
10.60% |
Mobily |
10.53% |
Bank Albilad |
10.22% |
Advanced |
10.20% |
Al Hammadi |
9.82% |
Zamil Industrial |
9.55% |
Arabian Cement |
9.29% |
Najran Cement |
8.96% |
Saudi Cement |
8.93% |
Savola Group |
8.91% |
Emaar EC |
8.87% |
Riyad Bank |
8.68% |
MEPCO |
8.37% |
SABIC Agri-Nutrients |
8.09% |
SABB |
7.95% |
Yansab |
7.88% |
City Cement |
7.56% |
Saudi Catering |
7.37% |
Saudi German Health |
7.33% |
Eastern Cement |
7.22% |
MESC |
7.12% |
ANB |
6.95% |
Umm Al-Qura Cement |
6.71% |
Seera |
6.66% |
Tabuk Cement |
6.30% |
SASCO |
6.30% |
MEDGULF |
6.23% |
Maaden |
6.19% |
SACO |
6.03% |
Jadwa REIT Saudi |
5.83% |
SABIC |
5.80% |
SADAFCO |
5.79% |
Walaa Insurance |
5.74% |
Petro Rabigh |
5.70% |
GASCO |
5.67% |
stc |
5.65% |
SGS |
5.56% |
Yamama Cement |
5.55% |
Yanbu Cement |
5.47% |
SAPTCO |
5.38% |
Al Jouf Cement |
5.30% |
Maharah |
5.21% |
Qassim Cement |
5.17% |
SPIMACO |
5.03% |
Foreign investors’ ownership increased in 106 companies and declined in 83 firms compared to the beginning of 2021. Budget Saudi came first with 10.41%, followed by Bawan Co. with 7.43% and Middle East Specialized Cables Co. (MESC) with 5.88%.
Top Risers in Foreign Ownership Since Early 2021 |
|||
Company |
Ownership by End of 2020 |
Ownership by |
Variation |
Budget Saudi |
20.27% |
30.68% |
10.41% |
Bawan |
5.36% |
12.79% |
7.43% |
MESC |
1.24% |
7.12% |
5.88% |
Najran Cement |
5.35% |
8.96% |
3.61% |
ACIG |
0.17% |
3.69% |
3.52% |
Arabian Cement |
5.92% |
9.29% |
3.37% |
Saudi Ceramic |
12.14% |
15.24% |
3.10% |
eXtra |
12.83% |
15.90% |
3.07% |
Arriyadh Development |
8.23% |
11.24% |
3.01% |
SIIG |
9.52% |
12.21% |
2.69% |
Saudi Kayan |
9.62% |
12.30% |
2.68% |
Petrochem |
1.46% |
4.08% |
2.62% |
SNB |
8.69% |
11.25% |
2.56% |
Alinma Bank |
10.00% |
12.28% |
2.28% |
Abo Moati |
0.90% |
3.10% |
2.20% |
Al Rajhi Bank |
10.37% |
12.53% |
2.16% |
Umm Al-Qura Cement |
4.58% |
6.71% |
2.13% |
Zamil Industrial |
7.84% |
9.55% |
1.71% |
SACO |
4.32% |
6.03% |
1.71% |
Saudi Enaya |
15.88% |
17.33% |
1.45% |
Meanwhile, Alahli Takaful Co. led the decline in foreign investors’ ownership with 7.65%, followed by Middle East Healthcare Co. (Saudi German Health) with 6.07% and United Wire Factories Co. (Aslak) with 4.28%.
Top Decliners in Foreign Ownership Since Early 2021 |
|||
Company |
Ownership by End of 2020 |
Ownership by |
Variation |
Alahli Takaful |
9.50% |
1.85% |
(7.65%) |
Saudi German Health |
13.40% |
7.33% |
(6.07%) |
Aslak |
5.59% |
1.31% |
(4.28%) |
Shaker |
5.28% |
1.80% |
(3.48%) |
Saudi Catering |
10.84% |
7.37% |
(3.47%) |
Astra |
24.37% |
21.09% |
(3.28%) |
Al Othaim |
14.23% |
11.40% |
(2.83%) |
Arab Sea |
3.46% |
0.72% |
(2.74%) |
NADEC |
7.24% |
4.95% |
(2.29%) |
Shams |
3.40% |
1.13% |
(2.27%) |
Care |
12.93% |
10.74% |
(2.19%) |
Fawaz Alhokair |
5.86% |
3.73% |
(2.13%) |
UCA |
2.76% |
0.63% |
(2.13%) |
Hail Cement |
5.87% |
3.84% |
(2.03%) |
Saudi Paper |
3.11% |
1.14% |
(1.97%) |
National Gypsum |
3.85% |
1.89% |
(1.96%) |
Malath Insurance |
5.11% |
3.29% |
(1.82%) |
ZOUJAJ |
4.99% |
3.30% |
(1.69%) |
City Cement |
9.17% |
7.56% |
(1.61%) |
Bupa Arabia |
12.44% |
10.91% |
(1.53%) |
There are 10 listed companies with foreign strategic ownership, led by Allianz Saudi Fransi Cooperative Insurance Co. (Allianz SF) with 51%, followed by Bupa Arabia for Cooperative Insurance Co. with 43.25%, and Arab National Bank (ANB) with 40%.
Foreign strategic investor is a foreign legal entity that aims to own a strategic shareholding in listed companies in Saudi Arabia.
Strategic shareholding is the direct ownership in listed companies, with the aim of boosting the financial or operational performance of companies.
Companies with Foreign Strategic Shareholding |
|
Company |
Shareholding % |
Allianz SF |
51.00 |
Bupa Arabia |
43.25 |
ANB |
40.00 |
Petro Rabigh |
37.50 |
SABB |
30.99 |
Chubb Arabia |
30.00 |
Wafa Insurance |
10.14 |
Wataniya |
10.00 |
Walaa Insurance |
7.32 |
Gulf Union |
1.94 |
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