24/06/2020
Ekrami Abdullah from Riyadh
The market value of the investment portfolio of the Public Investment Fund in the Saudi stock market reached 313.33 billion riyals, according to the June 22 closing.
According to the analysis of the reports unit in the "Al-Eqtisadiya" newspaper, based on the data of the Saudi Stock Exchange Company, "Tadawul", the value of the fund's portfolio constitutes about 3.77 percent of the market value of Saudi shares in total, amounting to 8.3 trillion riyals on the same day.
The report includes properties that reach 5 percent and more in listed companies, after the fund sold its 70 percent stake in SABIC, at 259.1 billion riyals ($ 69.1 billion), to provide liquidity to help it achieve its strategy of diversifying sources of income for the Saudi economy.
The fund owns 5 percent or more in 20 companies listed in the local stock market, four of which have shared with more than 50 percent, which is "Saudi Electricity" by 74.3 percent, "Saudi Telecom" 70 percent, and Maaden company with a share of 67.18 percent, And Saudi Real Estate at 64.57 percent.
In terms of market value, four companies acquire 85.5 percent of the fund’s portfolio by about 268 billion riyals, which is Saudi Telecom Company at 138.2 billion riyals, representing 44.1 percent of the fund’s value, then the National Commercial Bank with a value of 49.69 billion riyals (15.9 percent of Portfolio).
Third, the Saudi Electricity Company with a value of 49.66 billion riyals (15.8 percent of the portfolio), and Maaden with 30.3 billion riyals, representing 9.7 percent of the market value of the fund's portfolio in the local market.
Sort the companies according to the ownership percentage
The companies topped the fund ownership ratios, Saudi Electricity Company with 74.3%, with a market value of 49.7 billion riyals, which constitutes 15.8% of the fund portfolio, and Saudi Telecom Company with a share of 70%, with a market value of 138.2 billion riyals, constituting 44.1% of Fund portfolio.
Third, Maaden has an ownership of 67.18 percent, with a market value of 30.3 billion riyals, which represents 9.7 percent of the fund portfolio, and Saudi Real Estate Company with a share of 64.57 percent, with a market value of 1.9 billion riyals, which represents 0.6 percent of the fund portfolio.
Al-Ahly Bank came fifth with a fund share of 44.29 percent, with a market value of 49.7 billion riyals, which constituted 15.9 percent of the fund's portfolio, and a fish company owned by 39.9 percent, with a market value of 364.4 million riyals, which represented 0.1 percent of the fund portfolio.
The fund owns 37.43 percent in the Southern Cement Company, with a market value of 2.9 billion riyals, which represents 0.9 percent of the fund portfolio, then 23.35 percent in the Qassim Cement Company, with a market value of 1.2 billion riyals, which represents 0.4 percent of the fund portfolio.
What owns 22.91 percent in the Samba Financial Group, its market value is 10.7 billion riyals, which constitutes 3.4 percent of the fund portfolio, and 22.55 percent in Al-Bahri Company, with a market value of 3.2 billion riyals, which represents 1 percent of the fund portfolio.
The fund has a share of 21.75 percent in Riyad Bank, with a market value of 11.1 billion riyals, which constitutes 3.6 percent of the fund portfolio, and 20 percent in Nadec, with a market value of 595.6 million riyals, which represents 0.2 percent of the fund portfolio.
Followed by Dor Hospitality Company with a share of 16.62 percent, with a market value of about 407 million riyals, which represents 0.1 percent of the fund portfolio, and 16.32 percent in Almarai Company, with a market value of about nine billion riyals, which makes 2.9 percent of the fund portfolio.
The fund owns 15.72 percent in SAPTCO, with a market value of 277.5 million riyals, which represents 0.1 percent of the fund portfolio, and 10.91 percent in the Gas and Industrial Company, with a market value of 229.5 riyals, which represents 0.1 percent of the fund portfolio.
The fund has a 10 percent stake in the Alinma Bank, "Yanbu Cement" and "Eastern Cement" with a value of 2.95 billion riyals, 421.3 million riyals, and 243 million riyals, respectively.
With "Saudi Ceramics" comes the lowest share among companies, in which the fund owns shares of 5.4 percent, valued at about 107 million riyals, representing 0.03 percent of the market value of the fund's portfolio in the Saudi stock market, according to the June 22 closing.
Economic Reports Unit
