2024-01-26 18:25:51
Jeddah – The Saudi Public Investment Fund is estimated to own shares worth 1.26 trillion riyals of companies listed on the Saudi stock market. PIF has shares in 28 companies listed on the share market. PIF has the largest stake in Saudi Aramco. PIF owns 635.98 billion riyals of shares in Saudi Aramco. The Public Investment Fund owns eight percent of Aramco’s shares. Of this, four percent shares are directly owned by PIF and four percent shares are owned by Sanabil Company, an investment company under PIF.
STC is the second largest shareholder of PIF. PIF owns 64 percent of Saudi Telecom Company’s shares. The total value of these is estimated at 131.36 billion Riyals. Ma’adin Company, in third place, has shares worth 112.36 billion riyals. PIF owns 67.18 percent shares of Maadin Company.
PIF owns shares worth between 10 billion riyals and 100 billion riyals in seven companies namely Al Ahli Bank, Aquapower, Saudi Electricity Company, Ilm, Almarai, Riyadh Bank and Saudi Stock Exchange (Tadawul). Public Investment Fund has a total of 335.23 billion Riyal shares in these seven companies. PIF has shareholdings ranging from one billion Riyals to 10 billion Riyals in ten companies namely Al-Inma Bank, Addis Holding, Kingdom Holding, Al-Akhariya, Al-Bahri, Nadiq, Marafiq, Eamar, Southern Cements and Alkhaseem Cements. Ffund owns a total of 38.65 billion riyals of shares in these companies. The Saudi Public Investment Fund has shares of less than one billion riyals in eight companies namely Middle East Paper Company, Taiba, Gasco, Yambu Cements, Saptco, Saudi Fisheries, Asharqiya Cements and Saudi Ceramics.
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