Foreign investors own more than 5% stake in 73 Tadawul-listed companies

05/09/2021 Argaam Special

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
End of Aug. 31

          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
End of Aug. 31

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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