After the Saudi stock market witnessed a partial recovery from the lows of a drop in oil price, ARAMCO’s giant initial public offering is expected to further revive the stock market by attracting fresh investments.
Forbes Middle East research reveals that the top 25 investors in Saudi stock exchange, Tadawul, control 51.8% of the total capital in the Saudi Arabian stock market, worth $237.2 billion.
The Saudi government dominates, with investments worth $173.2 billion, up to 73% of the total value of the Top 25 Investors in Tadawul list.
The top four investors on our list stem from the government sector, which includes the Public Investment Fund, holding the greatest investments in the market valued at $112 billion. The General Organization for Social Insurance comes in second with investments worth $28.8 billion. The government of the Kingdom of Saudi Arabia comes in third thanks to its share in the Saudi Electricity Company worth $19.5 billion. And rounding the top four is the Public Pension Agency with investments valued at $12.8 billion.
Alwaleed Bin Talal is in fifth place and is the largest individual investor in the market with his investments valued at $9.6 billion in the Saudi stock market.
SABIC is the leading corporate investor in the Saudi stock market, with $8.4 billion in investments spread across 16 corporates on the list.
The aggregate value of corporate investments is worth $46.4 billion, which represents only 19.6% of the total value.
We compiled this list by examining the major shareholders who own more than 5% in listed companies in Tadawul. We calculated the value of each investment based on the market prices as of 28 August 2017, then combined the share’s total value of each investor; highlighting those who have investments worth more than $1 billion.