A look at Saudi Pension Agency’s investments in 2018

08/10/2019 Argaam Special

 

The Saudi Public Pension Agency (PPA) has issued its annual investment report for 2018, which showed Saudi companies topping the list of investments with 22.6 percent.

 

Meanwhile, the emerging markets stocks accounted for 20.9 percent of the total investments, whereas investments in properties, and domestic infrastructure stood at 6.7 percent.

 

“The PPA seeks to boost investments’ returns in the long term to fund pension liabilities, given market risks,” according to the report.

 

Al Ra'idah Investment Co. – the PPA’s investment arm – is managing the agency’s investments according to certain policies, and in line with the applied international practices in the field of pension fund management.

 

PPA’s Investments by Sector

Investment Type

Percent to total (%)

Saudi stocks

22.6 %

Developed markets stocks

20.9 %

Arabian Gulf Bonds

14.4 %

Money market instruments

11.0 %

Miscellaneous strategic investments

7.8 %

Local real estate and infrastructure

6.7 %

International Bonds

5.6 %

Emerging market bonds

4.2 %

Emerging market stocks

2.9 %

Private Equity

2.1 %

US bonds

1.4%

International real estate and infrastructure

0.4 %

 

The agency, which manages retirement schemes for Saudi nationals, invested in 114 local companies by end of last year, compared to 65 firms in 2017.

 

Last year, the PPA had invested in 93 Tadawul-listed firms, three real estate funds and 18 unlisted companies.

 

PPA’s Investments by Sector & Company

Sector

 

Company

Stake % at 2017 end

Stake % at 2018 end

Variation

Banks

1

SAIB

17.32 %

17.66 %

+0.34%

2

Samba

15.05 %

15.33 %

+0.28%

3

Alinma

11.67 %

10.71 %

(0.96%)

4

NCB

10.16 %

10.26 %

+0.10%

5

Riyad

9.31 %

9.27 %

(0.04%)

6

Al Rajhi

2.52 %

3.91 %

+1.39%

7

BSF

1.84 %

2.47 %

+0.63%

8

SABB

0.77 %

1.35 %

+0.58%

9

Aljazira

0.60 %

0.74 %

+0.14%

10

ANB

0.12 %

0.42 %

+0.30%

11

Alawwal

0.15 %

0.31 %

+0.16%

Materials

12

Petrochem

16.25 %

17.11 %

+0.86%

13

SIIG

10.68%

12.05 %

+1.37%

14

Eastern Cement

10.66 %

10.66 %

--

15

Sipchem

7.75 %

7.75 %

--

16

Yamama Cement

5.54 %

6.88 %

+1.34%

17

SAFCO

4.38 %

6.87 %

+2.49%

18

Sipchem

5.95 %

6.65 %

+0.70%

19

Qassim Cement

5.68 %

6.56 %

+0.88%

20

Saudi Cement

5.62 %

6.11 %

+0.49%

21

Arabian Cement

5.27 %

5.27 %

--

22

Tabuk Cement

5.00 %

5.00 %

--

23

Zamil Industrial

5.00 %

5.00 %

--

24

Southern Cement

4.60 %

4.60 %

--

25

Tasnee

4.06 %

4.21 %

+0.15%

26

SABIC

3.18 %

3.38 %

+0.20%

27

Yansab

1.02 %

2.12 %

+1.10%

28

Yanbu Cement

1.70 %

1.70 %

--

29

Maaden

0.21 %

0.41 %

+0.20%

Energy

30

Bahri

3.74 %

3.74 %

--

31

Petro Rabigh

3.28 %

3.28 %

--

Retailing

32

SASCO

1.15 %

3.24 %

+2.09%

Utilities

33

SEC

0.60 %

0.76 %

+0.16%

Telecommunication

34

STC

6.77 %

6.77 %

--

35

Mobily

4.98 %

4.94 %

(0.04%)

Insurance

36

Tawuniya

23.79 %

23.79 %

--

Pharmaceuticals

37

SPIMACO

13.06 %

13.06 %

--

Real Estate

38

Al Akaria

4.75 %

5.92 %

+1.17%

39

Taiba

3.66 %

4.00 %

+0.34%

40

Jabal Omar

3.51 %

3.51 %

--

41

Emaar EC

2.44 %

2.67 %

+0.23%

Media

42

SRMG

4.39 %

4.39 %

--

Consumer Services

43

Al Khaleej Training

2.50 %

2.50 %

--

44

Dur

1.74 %

1.74 %

--

Food Production

45

TADCO

2.50 %

2.50 %

--

46

Savola

0.32 %

1.89 %

+1.57%

47

Almarai

0.11 %

0.37 %

+0.26%

Unlisted Companies

48

Al Ra’idah Investment

100.00%

100.00 %

--

49

Cooperative Real Estate Investment Company (CREIC)

50.00 %

50.00 %

--

50

Mina Real Estate

50.00 %

50.00 %

--

51

Dar Al Tamleek

14.09 %

42.00 %

+27.91%

52

The Tadawul Real Estate

40.00 %

40.00 %

--

53

Raysan Arabian Real Estate Development

32.57 %

32.57 %

--

54

Al Safwah Cement

25.00 %

25.00 %

--

55

International Diol Co.

19.13 %

19.13 %

--

56

Umm Al Qura Development & Construction

17.20 %

17.20 %

--

57

Riyadh Holding Co.

16.67%

16.67 %

--

58

Jubail United Petrochemical

15.00 %

15.00 %

--

59

Ewaan Real Estate

12.50%

12.50 %

--

60

Al Asyah

10.00 %

10.00 %

--

61

Al Aqeer Development

7.38 %

7.38 %

--

62

Integrated Telecom

5.00 %

5.00 %

--

63

ACWA Power

4.81 %

4.81 %

--

64

National Co. for Tourism

2.84 %

2.84 %

--

65

Saudi Industries Development (Tatweer)

1.50%

1.50 %

--

 

The PPA invested in 49 Saudi-listed companies under several business divisions.

 

Last year, the management of the agency’s investments was transferred to Al Ra'idah Investment Co. the investment arm of PPA, to boost returns.

 

Companies Invested in During 2018

Sector

 

Company

Stake %

Banks

1

Albilad

0.07 %

Capital Goods

2

Saudi Ceramic

3.65 %

3

SVCP

3.26 %

4

Al-Babtain

1.77 %

5

Astra

0.34 %

6

BCI

4.22 %

Materials

7

Aslak

2.60 %

8

Advanced

1.50 %

9

Arabian Pipes

1.11 %

10

City Cement

0.81 %

11

Alujain

0.78 %

12

SPM

0.12 %

13

Saudi Kayan

0.10 %

Commercial & Professional Services

14

Catering

0.80 %

Transportation

 

15

BATIC

4.42 %

16

SISCO

3.77 %

17

SAPTCO

0.94 %

18

SGS

0.85 %

Energy

19

Aldrees

1.52 %

Retailing

20

SACO

2.53 %

21

Jarir

0.48 %

22

Alhokair

0.08 %

Utilities

23

GASCO

2.57 %

Insurance

24

Walaa

3.66 %

25

Arabian Shield

3.01 %

26

Malath

1.36 %

27

Bupa Arabia

0.34 %

Healthcare

28

Care

2.50 %

29

Dallah

2.49 %

30

Saudi German Hospital

1.13 %

31

Mouwasat

0.58 %

32

Al Hammadi

0.37 %

REITs

33

Derayah REIT

2.47 %

34

Taleem REIT

2.46 %

35

Jadwa REIT Al Haramain

0.34 %

Real Estate Management & Development  

36

Makkah

7.44 %

37

ARDCO

4.67 %

38

Knowledge City

0.63 %

39

Alandalus

0.10 %

Consumer Durables

40

Lazurde

1.11 %

41

Thob Al Aseel

0.41 %

Consumer Services

           

42

Alhokair Group

3.61 %

43

Seera

1.74 %

44

Herfy

0.61 %

Investment & Financing

45

Aseer

2.10 %

46

Kingdom Holding

0.56 %

Food Retailing

47

Al Othaim

0.84 %

Food Production

48

Al Jouf

4.29 %

49

SADAFCO

1.96 %

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