Tadawul's major shareholders, who own 5 percent or more in any listed company, showed a sell-off tendency in 2017, with 45 major shareholders reducing their ownership and 17 cutting holdings to below 5 percent, while 25 only increased their stakes, a study conducted by Argaam showed.
Saudi British Bank (SABB) increased its shareholding in SABB Takaful by 32.5 percent, by acquiring HSBC’s stake in the company. BUPA Investments Overseas Co. boosted its holding into Bupa Arabia for Cooperative Insurance by 8 percent to 34.25 percent.
On the other side, Al Khodari Sons Investment Holding Co. reduced its exposure to Abdullah A. M. Al-Khodari Sons Co. by to 13.89 percent from 55.85 percent. HSBC Asia Holdings exited major shareholders’ list by reducing its stake into SABB Takaful from 31 percent to below 5 percent.
On Nomu Parallel Market, Fahd Abdullah Al-Benyan raised stake in Al Kathiri Holding Co. to 6.89 percent from 4.88 percent.
Major shareholders increasing ownership in 2017 |
||||
Company |
Investor |
Number of shares |
Change |
|
2016 |
2017 |
|||
SABB Takaful |
SABB |
11.1 mln shares Purchase of HSBC’s entire stake in SABB Takaful |
+32.5% |
|
32.50% |
65.00% |
|||
Bupa Arabia |
Bupa Investment Overseas Ltd. |
6.4 mln shares |
+8.00% |
|
26.25% |
34.25% |
|||
Enaya |
Daman |
1.0 mln shares |
+5.00% |
|
5.00% |
10.00% |
|||
Aseer |
Dallah Albaraka Holding |
4.1 mln shares |
+3.26% |
|
49.92% |
53.18% |
|||
SPIMACO |
Ameen Mohammed Shaker |
1.4 mln shares |
+1.16% |
|
11.33% |
12.49% |
|||
Mobily |
Etisalat UAE |
4.2 mln shares |
+0.54% |
|
27.45% |
27.99% |
|||
Al Jouf Agriculture |
Riadh Al Humaidan |
75,000 shares |
+0.25% |
|
14.01% |
14.26% |
|||
Taiba |
Mohammed Saleh Sayrafi |
330,000 shares |
+0.22% |
|
15.25% |
15.47% |
|||
Batic |
Family Investment |
50,400 shares |
+0.21% |
|
14.72% |
14.93% |
|||
SAFCO |
GOSI |
166,700 shares |
+0.04% |
|
12.20% |
12.24% |
|||
Batic |
Asas Universal |
7,200 shares |
+0.03% |
|
20.40% |
20.43% |
|||
Savola |
GOSI |
160,200 shares |
+0.03% |
|
10.23% |
10.26% |
|||
YANSAB |
112,500 shares |
+0.02% |
||
11.92% |
11.94% |
|||
Jarir |
Abdullah Al Agil |
9,000 shares |
+0.01% |
|
8.60% |
8.61% |
|||
Savola |
Al Muhaidib Group |
53,400 shares |
+0.01% |
|
8.21% |
8.22% |
|||
Jabal Omar |
Makkah Construction |
92,900 shares |
+0.01% |
|
10.30% |
10.31% |
|||
Al Jouf Agriculture |
Fitaihi Holding |
3,000 shares |
+0.01% |
|
14.00% |
14.01% |
Following is a list of new owners who joined the Major Shareholders List in 2017 by acquiring stakes of 5 percent or more in any listed company.
New owners joining major shareholders list in 2017 |
|||
Company |
Owner |
2016 |
2017 |
Almarai |
PIF |
163.2 mln shares |
|
0.00% |
16.32% |
||
BSF |
Kingdom Holding |
Less than 5% |
16.19% |
Buruj |
Yasser Naghi |
Less than 5% |
11.50% |
Catering |
Al Hokair Group |
7.1 mln shares |
|
0.00% |
8.67 % |
||
Zoujaj |
Zamil |
Less than 5% |
8.00 % |
Astra |
ALWATANIEH FINANCIAL/ SWAP agreement |
Less than 5% |
5.62 % |
Makkah Construction |
Abdul Rahman Faqih Co. |
Less than 5% |
5.32 % |
Al Sorayai |
Hamdan Al Sorayai |
Less than 5% |
5.10 % |
Following is a list of major shareholders who reduced their ownership in 2017.
Major shareholders reducing ownership in 2017 |
||||
Company |
Investor |
2016 |
2017 |
Change |
Al Khodari |
Al Khodari |
23.4 mln share |
(41.96%) |
|
55.85 % |
13.89 % |
|||
BSF |
Credit Agricole Corporate & Investment |
195.3 mln shares |
(16.20%) |
|
31.11 % |
14.91 % |
|||
Catering |
Strategic Supply Ltd. |
11.3 mln shares |
(13.79%) |
|
23.10 % |
9.31 % |
|||
Al Ahli Takaful |
FWU Co. |
856,700 |
(5.14%) |
|
13.12 % |
7.98 % |
|||
Budget |
Zahid Group |
3.4 mn shares |
(4.73%) |
|
24.93 % |
20.20 % |
|||
Saudi Cement |
GOSI |
5.8 mln shares |
(3.76%) |
|
8.98 % |
5.22 % |
|||
SAIB |
Saudi Oger |
21.1 mln shares |
(2.80%) |
|
8.58 % |
5.77 % |
|||
SACO |
Samir Al Hameedi |
592,8 00 shares |
(2.47%) |
|
8.09 % |
5.62 % |
|||
Al Ahli Takaful |
VHV Co. |
410,000 shares |
(2.46%) |
|
7.49 % |
5.03 % |
|||
Al Tayyar |
Nasser Al Tayyar |
4.3 mln shares |
(2.05%) |
|
13.90 % |
11.85 % |
|||
Almarai |
Savola |
16.0 mln shares |
(2.00%) |
|
36.52 % |
34.52 % |
|||
Zoujaj |
Riadh Al Humaidan |
631,700 shares |
(1.92%) |
|
27.26 % |
25.34 % |
|||
SACO |
Khaled Al Hameedi |
400,800 shares |
(1.67%) |
|
8.10 % |
6.43 % |
|||
Tasnee |
Al Shair Trade, Industry and Contracting Co. |
8.2 mln shares |
(1.23%) |
|
7.04 % |
5.81 % |
|||
Najran Cement |
Khalid Al Barrak |
2 mln shares |
(1.17%) |
|
13.04 % |
11.87 % |
|||
Makkah Construction |
Bin Laden Group Ltd. |
1.7 mln shares |
(1.03%) |
|
10.94 % |
9.91 % |
|||
Alandalus Properties |
RTCC |
378,800 |
(0.54%) |
|
6.91 % |
6.37 % |
|||
Jabal Omar |
Jabal Omar Founders |
4.9 mn shares |
(0.53%) |
|
15.72 % |
15.19 % |
|||
MEPCO |
Abduah Al Moammar |
250,000 shares |
(0.50%) |
|
10.00 % |
9.50 % |
|||
Tasnee |
Gulf Investment Corporation |
1.3 mln shares |
(0.19%) |
|
5.77 % |
5.58 % |
|||
Red Sea |
Ameen Mohammed Shaker |
114,000 shares |
(0.19%) |
|
7.40 % |
7.21 % |
|||
Northern Cement |
PKI |
180,000 shares |
(0.10%) |
|
11.83 % |
11.73 % |
|||
L’Azurde |
L’Azurde Holding |
17,200 shares |
(0.04%) |
|
69.99 % |
69.95 % |
|||
Alawwal |
Al Olayan Investment Ltd. |
342,900 shares |
(0.03%) |
|
21.76 % |
21.73 % |
|||
SABB |
Al Olayan Investment Ltd. |
450,000 shares |
(0.03%) |
|
16.98 % |
16.95 % |
|||
Fitaihi |
Ahmed Hasan Fitaihi |
16,500 shares |
(0.03%) |
|
28.99 % |
28.96 % |
|||
Jabal Omar |
GOSI |
185,900 shares |
(0.02%) |
|
9.04 % |
9.02 % |
|||
Tabuk Agricuture |
Khalid Al Shathry |
4,500 shares |
(0.01%) |
|
11.44 % |
11.43 % |
The following shareholders quitted the Major Shareholders List in 2017.
Shareholders quitting Major Shareholders List |
|||
Company |
Owner |
2016 |
2017 |
SABB Takaful |
HSBC Asia Holding |
31.00 % |
Less than 5% |
Al Rajhi |
ASRHC |
14.79 % |
Less than 5% |
Bupa Arabia |
ASAS Healthcare |
8.25 % |
Less than 5% |
Yanbu Cement |
ASRHC |
7.93 % |
Less than 5% |
Al Ahsa |
Khalid Al Shathry |
7.70 % |
Less than 5% |
Budget |
Mohammed Zahid |
7.50 % |
Less than 5% |
Alandalus Properties |
Al Romaizan Jewelery Co. |
6.91 % |
Less than 5% |
Alujain |
Safra Co. |
6.89 % |
Less than 5% |
NADEC |
ASRHC |
6.55 % |
Less than 5% |
City Cement |
Prince Mishaal bin Abdulaziz |
6.36 % |
Less than 5% |
Hail Cement |
Al Mal Capital |
6.12 % |
Less than 5% |
Arabian Cement |
Al Muhaidib Group |
5.79 % |
Less than 5% |
SIPCHEM |
Al Olayan Financing |
5.16 % |
Less than 5% |
Tasnee |
Ikarus Industries |
5.05 % |
Less than 5% |
Buruj |
Batterjee Group |
5.00 % |
Less than 5% |
Alinma Tokio Marine |
SABIC Industrial Investment |
5.00 % |
Less than 5% |
Saudi Establishment for Trading & Distribution |
5.00 % |
Less than 5% |
Following are the major changes in Nomu Parallel Market throughout the year.
Nomu’s Major Ownership Changes in 2017 |
||||
Company |
Investor |
First day stake |
2017 |
Change |
Al Kathiri |
Fahd Al Bonayan |
63,100 shares |
+2.01% |
|
4.88 % |
4.88 % |
|||
Abo Moati |
Saad Abo Moati |
54,400 shares |
+0.34% |
|
14.77 % |
14.77 % |
|||
Arab Sea |
Mohammed Al Suhaibani |
14,000 shares |
+0.14% |
|
37.77 % |
37.77 % |
|||
Baazeem |
Salem Baazeem |
13,200 shares |
+0.13% |
|
39.53 % |
39.53 % |
|||
Food Development |
Abdulaziz Al Omari |
4.99 % |
Less than 5% |
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