Stocks to Watch | Who’s Buying and Selling? Unveiling 2024's Major Shareholder Transactions in Saudi Stock Market
ALETIHAD
JAZIRA TAKAFUL
ARABIAN SHIELD
ALKHALEEJ TRNG
NAHDI
ALETIHAD 8170.SA | 0.00 | |
JAZIRA TAKAFUL 8012.SA | 0.00 | |
ARABIAN SHIELD 8070.SA | 0.00 | |
ALKHALEEJ TRNG 4290.SA | 0.00 | |
NAHDI 4164.SA | 0.00 |
Throughout 2024, there were significant shifts in the ownership stakes of major shareholders in companies listed on the Saudi Tadawul exchange.
Increases of Ownership
A total of 57 instances saw an increase in ownership, with 28 new shareholders entering the market. The following table details the notable increases in ownership stakes:
| Company | Investor | Change (%) | Shares (in millions) | 2024 Stake (%) | 2023 Stake (%) |
| Al-Etihad Cooperative Insurance Co.(8170.SA) | Al Ahlia Insurance Co. | +18.67% | 9.34 | 28.67% | 10% |
| Aljazira Takaful Taawuni Co.(8012.SA) | Bank Aljazira | +7.05% | 4.7 | 29.36% | 22.31% |
| Arabian Shield Cooperative Insurance Co.(8070.SA) | Alinma Bank Co. | +5.75% | 4.6 | 11.50% | 5.75% |
| Alkhaleej Training and Education Co.(4290.SA) | Naif Al Rajhi Investment LTD. | +3.24% | 2.1 | 10.74% | 7.50% |
| Nahdi Medical Co.(4164.SA) | Al Nahdi Holding | +3.08% | 4.0 | 38.08% | 35% |
| Aldawaa Medical Services Co.(4163.SA) | Mawarid Holding Co. | +3.01% | 2.6 | 35% | 31.99% |
| Taiba Investments Co.(4090.SA) | Asila Investment Co. | +1.50% | 3.91 | 22.23% | 20.73% |
| Tabuk Cement Co.(3090.SA) | Khalid Alshathri | +1.11% | 0.999 | 16.13% | 15.02% |
| Alamar Foods Co.(6014.SA) | Abdulaziz Ibrahim Al Jammaz & Brothers Co. | +0.49% | 0.125 | 57.61% | 57.12% |
| The National Company for Glass Industries(2150.SA) | Riyad Alhumaidan | +0.47% | 0.1546 | 18.91% | 18.44% |
| Zamil Industrial Investment Co.(2240.SA) | Zamil Group Investment Co. | +0.25% | 0.15 | 5.40% | 5.15% |
| Almasane Alkobra Mining Co(1322.SA) | Arab Mining Co. | +0.26% | 0.234 | 14.50% | 14.24% |
| Saudi Chemical Co.(2230.SA) | Saeed Al-Yamani | +0.24% | 2.02 | 11.43% | 11.19% |
| Banque Saudi Fransi(1050.SA) | Rashed Abdulrahman Al-Rashed & Sons Co. Ltd | +0.17% | 4.3 | 10% | 9.83% |
| Al-Jouf Agricultural Development Co.(6070.SA) | Riyad Alhumaidan | +0.60% | 0.18 | 18.70% | 18.10% |
| Sumou Real Estate Co(9511.SA) | Sumou Holding Co. | +0.11% | 0.055 | 63.09% | 62.98% |
| Abdullah Al Othaim Markets Co.(4001.SA) | Al Othaim Holding Co. | +0.75% | 6.8 | 34.42% | 33.67% |
| Leejam Sports Co.(1830.SA) | Hamad Al Sagri | +0.10% | 0.0524 | 51.21% | 51.11% |
| Savola Group(2050.SA) | Abdulqader Al Muhaidib & Sons Co. | +0.09% | 0.27 | 8.32% | 8.23% |
| Arabian Contracting Services Co.(4071.SA) | Engineer Holding Group | +0.09% | 0.0495 | 50.09% | 50% |
| Arabian Cement Co.(3010.SA) | AAS Investment Co. | +0.04% | 0.04 | 8% | 7.96% |
| Bank Aljazira(1020.SA) | Ibrahim Al-Konaibit | +0.06% | 0.615 | 6% | 5.94% |
| Jazan Development and Investment Co.(6090.SA) | Mohammed Al-Othaim | +0.41% | 0.205 | 10.41% | 10% |
| Basic Chemical Industries Co.(1210.SA) | Riyad Alhumaidan | +0.08% | 0.0216 | 5.93% | 5.85% |
| Baazeem Trading Co.(4051.SA) | Salem Baazem | +0.06% | 0.0608 | 5.06% | 5% |
| Arab National Bank(1080.SA) | Rashed Abdulrahman Al-Rashed & Sons Co. Ltd | +0.03% | 0.6 | 10% | 9.79% |
| Morabaha Marina Financing Co.(4082.SA) | Talal Al-Maiman | +0.03% | 0.0214 | 7.80% | 7.77% |
| National Company for Learning and Education(4291.SA) | Khaled Khudair | +0.01% | 0.0043 | 7.61% | 7.60% |
New Shareholders in 2024
The following companies welcomed new major shareholders in 2024:
| Company | New Shareholder | 2024 Stake (%) | 2023 Stake (%) |
| Mutakamela Insurance Co.(8040.SA) | Abu Dhabi National Insurance Co. | 51% | <5% |
| Buruj Cooperative Insurance Co.(8270.SA) | Cigalah Multi Industries LLC. | 28.5% | <5% |
| Saudi Fisheries Co.(6050.SA) | Abdulaziz Abdullah Mohammed Al-Humaid | 25% | <5% |
| Middle East Paper Co.(1202.SA) | PIF | 23.08% | <5% |
| Saudi Reinsurance Co.(8200.SA) | PIF | 23.08% | <5% |
| Allied Cooperative Insurance Group(8150.SA) | Private Wealth Investment Holding Co. | 15% | <5% |
| Riyadh Cables Group Co.(4142.SA) | Afaq Development Ltd. | 13.33% | <5% |
| SAL Saudi Logistics Services Co.(4263.SA) | Vision International Investment Co. | 9.41% | <5% |
| Savola Group(2050.SA) | Abdullah M. A. Al Rabeia | 8.22% | <5% |
| National Company for Learning and Education(4291.SA) | Mohammed AlKhudair Endowment Co. | 8.19% | <5% |
| Saudi Cable Co.(2110.SA) | Turki Ibrahim Mansour Mohammed Al-Rajhi | 7.57% | <5% |
| Tihama Advertising and Public Relations Co.(4070.SA) | Nagimish Fahad Abdulhadi Al-Ajmi | 8.73% | <5% |
| Riyadh Cables Group Co.(4142.SA) | Afaq Al-Hikma Co. | 6.67% | <5% |
| Seera Group Holding(1810.SA) | Seera Holding Group | 6.67% | <5% |
| Batic Investments and Logistics Co.(4110.SA) | Princess Nouf bint Khalid bin Abdulaziz Al Saud | 6.09% | <5% |
| Taiba Investments Co.(4090.SA) | AlSalehat Investment | 6.08% | <5% |
| Al Sagr Cooperative Insurance Co.(8180.SA) | Abdulrahman Hassan Abbas Sharbatly | 6% | <5% |
| Halwani Bros. Co.(6001.SA) | AGAD United Company for Investment | 5.99% | <5% |
| Sinad Holding Co.(4080.SA) | Naif Saleh Abdulaziz Al Rajhi Investment Ltd. | 5.77% | <5% |
| Nayifat Finance Co.(4081.SA) | Naif Saleh Abdulaziz Al Rajhi Investment Co. Ltd. | 5.71% | <5% |
| Methanol Chemicals Co.(2001.SA) | Faten Saleh Abdulaziz Al-Rajhi | 5.42% | <5% |
| Umm Al-Qura Cement Co.(3005.SA) | Saad Salib Mutlaq Al Otaibi | 5.06% | <5% |
| Alkhaleej Training and Education Co.(4290.SA) | Aljawhara Sulayman Abdulaziz Al Rajhi | 5.04% | <5% |
| Yamama Cement Co.(3020.SA) | Al-Ati Holding Co. | 5.03% | <5% |
| BinDawood Holding Co.(4161.SA) | Al Yusr Gates Investment Ltd. | 5% | <5% |
| Buruj Cooperative Insurance Co.(8270.SA) | Prince Faisal bin Sad bin Saud Al Saud | 5% | <5% |
| Ladun Investment Co.(9535.SA) | Saudi Economic and Development Holding Co. (SEDCO) | 5% | <5% |
Reducing Stakes in 2024
In 2024, there were a total of 87 instances of ownership declines among major shareholders in Tadawul-listed companies, including 47 reductions and 39 exits. The table below highlights the significant decreases in ownership stakes:
| Company | Shareholder | Change (%) | Shares (in millions) | 2024 Stake (%) | 2023 Stake (%) |
| Nahdi Medical Co.(4164.SA) | SEDCO Holding | -10% | 13 | 25% | 35% |
| Electrical Industries Co.(1303.SA) | AJDA Industrial Services Co. | -9.25% | 104.1 | 18.75% | 28% |
| National Company for Learning and Education(4291.SA) | Al Khudair Group | -8.19% | 3.52 | 14.09% | 22.28% |
| Saudi Arabian Oil Co.(2222.SA) | Saudi Arabia | -8.71% | 21.1 | 81.48% | 90.19% |
| East Pipes Integrated Company for Industry(1321.SA) | Welspun Mauritius Holdings Ltd | -5% | 1.6 | 26.5% | 31.5% |
| Dr. Sulaiman Al Habib Medical Services Group(4013.SA) | Mohammad A. Al Habib & Sons Holding Company | -4.98% | 17.4 | 28.77% | 33.75% |
| Riyadh Cables Group Co.(4142.SA) | Abdulkadir Al Muhaidib and Sons Group | -4.94% | 7.4 | 19.05% | 23.99% |
| Arabian Contracting Services Co.(4071.SA) | MBC | -4.9% | 2.7 | 15.1% | 20% |
| Takween Advanced Industries Co.(1201.SA) | Al Othman Holding | -4.47% | 3.6 | 41.64% | 46.38% |
| Al-Omran Industrial Trading Co.(4141.SA) | Mohammed Al-Omran | -4.58% | 0.5496 | 14.32% | 18.9% |
| Alkhorayef Water and Power Technologies Co(2081.SA) | Alkhorayef Group | -4.5% | 1.58 | 46.5% | 51% |
| Almasane Alkobra Mining Co(1322.SA) | Asas Mining Co. | -4.44% | 4 | 8.89% | 13.33% |
| Qassim Cement Co.(3040.SA) | PIF | -4.34% | 4.8 | 19.01% | 23.35% |
| Zahrat Al Waha for Trading Co.(3007.SA) | Ahmed Hamoud Ibrahim Al Theyab | -3.55% | 0.799 | 50.96% | 54.51% |
| Makkah Construction and Development Co.(4100.SA) | Al-Salihat Trading and Contracting Holding Co. | -3.29% | 5.4 | 5.2% | 8.49% |
| Middle East Paper Co.(1202.SA) | Abdulkadir Al Muhaidib and Sons Group | -4.23% | 3.7 | 9.22% | 13.45% |
| Halwani Bros. Co.(6001.SA) | Aseer Industrial Investment | -4.51% | 1.6 | 51% | 55.51% |
| Bawan Co.(1302.SA) | Abdulkadir Al Muhaidib and Sons Group | -3.33% | 2 | 13.38% | 16.71% |
| Al Sagr Cooperative Insurance Co.(8180.SA) | Al Sagr Insurance | -3% | 0.9 | 23% | 26% |
| Theeb Rent a Car Co.(4261.SA) | Hamoud Al-Theyab | -3.01% | 1.3 | 7% | 10.01% |
| Saudi Telecom Co.(7010.SA) | PIF | -2% | 100 | 62% | 64% |
| Seera Group Holding(1810.SA) | Nasser Al Tayyar | -1.76% | 5.3 | 6.06% | 7.82% |
| Taiba Investments Co.(4090.SA) | Mohammed Al-Issa | -1.5% | 3.9 | 7.68% | 9.18% |
| Scientific and Medical Equipment House Co.(4014.SA) | Badr Al-Arifi | -1.48% | 0.444 | 6.1% | 7.58% |
| Scientific and Medical Equipment House Co.(4014.SA) | Bandar Al-Arifi | -0.34% | 0.102 | 7.12% | 7.46% |
| Scientific and Medical Equipment House Co.(4014.SA) | Barakat Al-Arifi | -0.34% | 0.102 | 6.13% | 6.47% |
| CATRION Catering Holding Co.(6004.SA) | Abdul Mohsen Al Hokair Holding Group | -2.43% | 2 | 5.75% | 8.18% |
| Arab Sea Information System Co.(7201.SA) | Mohammed Saleh Mohammed Al Suhaibani | -3.98% | 3.98 | 10.02% | 14% |
| Saudi Arabian Mining Co.(1211.SA) | PIF | -1.96% | 74.5 | 65.22% | 67.18% |
| Jabal Omar Development Co.(4250.SA) | Jabal Omar Founders | -1.24% | 14.6 | 8.36% | 9.6% |
| BinDawood Holding Co.(4161.SA) | Abdullah Dawood BinDawood and Sons Company Limited | -0.43% | 4.9 | 5.13% | 5.56% |
| Arabian Centres Co.(4321.SA) | Fass Real Estate Co. | -9.18% | 43.6 | 28.03% | 37.21% |
| Arabian Centres Co.(4321.SA) | Salman Al Hokair | -0.68% | 3.2 | 7.32% | 8% |
| United Electronics Co.(4003.SA) | Al Fozan Holding | -4.99% | 4 | 15.01% | 20% |
| Al Hassan Ghazi Ibrahim Shaker Co.(1214.SA) | Tawazun Holding | -1.17% | 0.9491 | 8.18% | 9.89% |
| United International Transportation Co.(4260.SA) | Osool and Bakhit Fund - Mobility | -0.29% | 0.2267 | 5.73% | 6.02% |
| Takween Advanced Industries Co.(1201.SA) | Abdulmohsen Al Othman | -0.12% | 0.0918 | 5.89% | 6.01% |
| Bank Albilad(1140.SA) | Khalid Al Rajhi | -0.6% | 7.5 | 8.27% | 8.87% |
| Fawaz Abdulaziz Alhokair Co.(4240.SA) | FAS Saudi Holding Co. | -0.87% | 0.9985 | 36.64% | 37.51% |
| Fitaihi Holding Group(4180.SA) | Ahmad Fitaihi | -0.08% | 0.22 | 27.27% | 27.35% |
| Fitaihi Holding Group(4180.SA) | Riadh Al Humaidan | -5.28% | 14.5 | 5.72% | 11% |
| Saudi Cement Co.(3030.SA) | Khalid Al Rajhi | -0.79% | 1.2 | 6.09% | 6.88% |
| Al Jouf Cement Co.(3091.SA) | Rassanah Fund | -0.58% | 0.6305 | 6.27% | 6.85% |
| National Company for Learning and Education(4291.SA) | Ibrahim Al-Khudair | -0.14% | 0.0602 | 6.93% | 7.07% |
| Aldawaa Medical Services Co.(4163.SA) | Turki Al Saud | -0.01% | 0.0085 | 13.81% | 13.82% |
| Bank Albilad(1140.SA) | Abdulrahman Alrajhi | -0.02% | 0.25 | 6.66% | 6.68% |
| National Company for Learning and Education(4291.SA) | Fahd Mohamed Al-Khudair | -0.15% | 0.0645 | 7.37% | 7.52% |
Major Ownership Exits in 2024
The following companies experienced significant ownership exits in 2024:
| Company | Shareholder | 2023 Stake (%) | 2024 Stake (%) |
| Saudi Fisheries Co.(6050.SA) | Saudi Agricultural and Livestock Investment Co. SALIC | 39.99% | <5% |
| Almarai Co.(2280.SA) | Savola Group | 34.52% | <5% |
| Buruj Cooperative Insurance Co.(8270.SA) | Gulf Insurance | 28.5% | <5% |
| Riyadh Cables Group Co.(4142.SA) | Hekmat Al Zaim | 22.43% | <5% |
| Al-Etihad Cooperative Insurance Co.(8170.SA) | Commercial Union Holding | 22.36% | <5% |
| SAL Saudi Logistics Services Co.(4263.SA) | Tarabut Air Cargo Services Co. Ltd. | 21% | <5% |
| Mutakamela Insurance Co.(8040.SA) | Allianz Europe B.V. | 18.5% | <5% |
| Mutakamela Insurance Co.(8040.SA) | Allianz France | 16.25% | <5% |
| Mutakamela Insurance Co.(8040.SA) | Allianz MENA Holding (Bermuda) Limited | 16.25% | <5% |
| Allied Cooperative Insurance Group(8150.SA) | Tharwa Gulf Holding | 15% | <5% |
| Alujain Corp.(2170.SA) | General Organization for Social Insurance | 11.88% | <5% |
| East Pipes Integrated Company for Industry(1321.SA) | Vision Invest Co. | 11.55% | <5% |
| Wataniya Insurance Co.(8300.SA) | Tharawat Holding | 10% | <5% |
| Amlak International Finance Co.(1182.SA) | Dallah Investment Holding | 9.8% | <5% |
| Arabian Centres Co.(4321.SA) | Fawaz Abdulaziz Alhokair | 8.45% | <5% |
| Savola Group(2050.SA) | Abdullah Al-Rabeeah | 8.22% | <5% |
| Maharah Human Resources Co.(1831.SA) | Saud Al-Shathri | 8.1% | <5% |
| Jabal Omar Development Co.(4250.SA) | Makkah Construction and Development | 7.51% | <5% |
| Arab Sea Information System Co.(7201.SA) | Beiji Limited | 7.39% | <5% |
| Aljazira Takaful Taawuni Co.(8012.SA) | Solidarity Group Holding | 7.05% | <5% |
| Takween Advanced Industries Co.(1201.SA) | Abdullah Al Othman | 6.95% | <5% |
| Al-Omran Industrial Trading Co.(4141.SA) | Abdul Rahman Mohammed Nasser bin Omran | 6.4% | <5% |
| Al-Omran Industrial Trading Co.(4141.SA) | Nasser Mohammed Nasser bin Omran | 6.35% | <5% |
| Saudi Arabian Amiantit Co.(2160.SA) | Prince Mohammed bin Fahd bin Abdulaziz Al Saud | 6.28% | <5% |
| Riyadh Cement Co.(3092.SA) | Prince Mohammed bin Fahd bin Abdulaziz Al Saud | 6.1% | <5% |
| Al Yamamah Steel Industries Co.(1304.SA) | Abdul Karim Al Moajil | 5.83% | <5% |
| BinDawood Holding Co.(4161.SA) | Commercial Growth Development Co. | 5.6% | <5% |
| Al Mawarid Manpower Co.(1833.SA) | Saudi Edarah Holding Co. | 5.84% | <5% |
| Arabian Shield Cooperative Insurance Co.(8070.SA) | Tokyo Marine & Nichido Fire Insurance Company (TMNF) | 5.75% | <5% |
| Saudi Company for Hardware(4008.SA) | Sameer Al-Hamidi | 5.41% | <5% |
| Saudi Arabian Amiantit Co.(2160.SA) | Prince Fahad Khalid Abdullah Abdulrahman Al Saud | 5.24% | <5% |
| Takween Advanced Industries Co.(1201.SA) | Abdulrahman Saleh Al Rajhi & Partners Co. Ltd. | 5.16% | <5% |
| Thob Al Aseel Co.(4012.SA) | Faisal Al-Jedaie | 5.13% | <5% |
| Nayifat Finance Co.(4081.SA) | Saud Al-Dosari | 5.11% | <5% |
| Raydan Food Co.(6012.SA) | Nasser Al-Salmi | 5.01% | <5% |
| Salama Cooperative Insurance Co.(8050.SA) | Abdullah Al-Ruwaiti | 5% | <5% |
| Buruj Cooperative Insurance Co.(8270.SA) | United Yousef M.Naghi Co | 5% | <5% |
| Saudi Reinsurance Co.(8200.SA) | Ahmed Hamad Algosaibi Brothers Co. | 5% | <5% |
| Astra Industrial Group(1212.SA) | Mohammed Al-Otaibi | 5% | <5% |