Major shareholders raise stakes in 8 listed firms in Q1

03/04/2018 Argaam Special

Major shareholders raised their stakes in eight Tadawul-listed companies and five new shareholders jointed the major owners’ list Q1 2018, a recent study conducted by Argaam showed.

 

Herfy Food Services saw the largest equity increase of 1.40 percent by Savola Group that increased its shareholding to 49 percent.

 

Al Sorayai Trading And Industrial Group Co. came second with Hamdan Al Sorayai boosting his ownership to 6.08 percent -- a 0.98 percent increase.

 

Meanwhile, Allianz Saudi Fransi Cooperative Insurance Co. saw the biggest share sale by a major shareholder, where Banque Saudi Fransi (BSF) reduced its ownership to 14 percent from 18.50 percent.

 

Prince Miteb bin Abdel Aziz Al Saud decreased his stake from 21.49 percent to below five percent in Saudi Fisheries Co, thereby leaving the list of major shareholders of the company.

 

Tadawul’s major shareholders list includes investors with stakes exceeding five percent in any listed company.

 

Companies with Major Shareholder(s) Increasing Stakes (Q1 2018)

Company

Major Shareholder

Volume Traded

Change

2017

Q4 2018

Herfy

Savola

905,500 shares

+1.40%

47.60%

49.00%

Al Sorayai

Hamdan Al Sorayai

220,500 shares

+0.98%

5.10%

6.08%

Albilad

Mohamed Ibrahim Al Subeaei and Sons Co.

540,000 shares

+0.09%

19.09%

19.18%

                       

 

Major Ownership Changes (SAR mln)

Company

Shareholder

2017

Q1 2018

Alasmak

Awj Investment

Less than 5%

21.49%

Allianz SF

Allianz Europe B.V.

     3.7 mln shares

0.00%         18.50%

                   18.50%

SARCO

Awj Investment

Less than 5%

7.31 %

Shams

Prince Mishaal Saud Al Saud

Less than 5%

5.02 %

Electrical Industries

Saad Abdullah Al - Tuwaijri Holding Co.

Less than 5%

22.81 %

 

 

Companies with Major Shareholder(s) Offloading Stakes (Q1 2018)

Company

Shareholder

2017

Q1 2018

Change

Allianz SF

BSF

3.7 mln shares

(18.50%)

32.50%

14.00%

MEPCO

Lafana Holding

2.4 mln shares

(4.80%)

23.23%

18.43%

Najran Cement

Khalid Al Barrak

4.6 mln shares

(2.96%)

11.87%

9.18%

SACO

Al Humaidi Est.

525,600 shares

(2.19%)

17.74%

15.55%

Budget Saudi

Zahid Group

1.2 mln shares

(1.62%)

20.20%

18.58%

SAFCO

GOSI

7.1 mln shares

(1.70%)

12.24%

10.54%

Atheeb (GO)

Atheeb Trading

321,300 shares

(0.51%)

16.41%

15.90%

Tasnee

Al Shair Trade, Industry and Contracting Co.

2.5 mln shares

(0.38%)

5.81%

5.43%

Jabal Omar

Jabal Omar founders

2.1 mn shares

(0.23%)

15.19%

14.96%

Najran Cement

Abdullah Abdulaziz Al Rajhi

136,000 shares

(0.08%)

12.43%

12.35%

Jabal Omar

Makkah Construction

464,700 shares

(0.05%)

10.31%

10.26%

Arabian Cement

Abdullah Abdulaziz Al Rajhi

30,000 shares

(0.03%)

6.46%

6.43%

 

 

Major Ownership Changes

Company

Shareholder

2017

Q1 2018

Electrical Industries

Saad Abdullah Al - Tuwaijri Holding Co.

22.81 %

Less than 5%

Alasmak

Prince Mutaib Bin Abdulaziz

21.49 %

Less than 5%

Al Tayyar

Al Tayyar Real Estate Investment & Development

15.82 %

Less than 5%

SARCO

Prince Mutaib Bin Abdulaziz

7.31 %

Less than 5%

Red Sea

Ameen Mohammed Shaker

7.21 %

Less than 5%

Astra

Al Watanieh Financial/ Swap Agreement

5.62 %

Less than 5%

Arabian Pipe

Amana Saudi Equity Fund

5.32 %

Less than 5%

Al Ahli Takaful

VHV Co.

5.03 %

Less than 5%

Aljazira Takaful

Khaled Al Baltan Group

5.00 %

Less than 5%

Aljazira Takaful

Al Qasabi Contracting

5.00 %

Less than 5%

Aljazira Takaful

KAMCO

5.00 %

Less than 5%

 

 

Ownership Changes – Nomu (Q1)

Company

Shareholder

Volume Traded

Change

2017

Q1 2018

Al Kathiri Holding

Fahd Abdulaziz Al Benyan

63,100 shares

+3.35%

6.60 %

 

9.95%

 

 

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