Tadawul-listed firms diversify investments through new portfolios

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.

Argaam Reports

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