As much as SR26 bln Market Gains for the 10 Largest Individual Investors

The capital valuation of the financial market climbed from SR9.04 trillion on December 31, 2020, to SR9.81 trillion, at the close of last Thursday’s session, corresponding to September the 2^nd, 2021.

An increase of SR768.6 billion. With the exception of firms whose shares have been revoked, this is, generally, the case.

This excluded corporations whose shares have been canceled, as a result of  merger with other companies.

Remarkably, there is “Samba” which have been merged with CNB or Al-Ahli to produce the giant Saudi National Bank or “SNB”, as well as “MetLife” following merger with “Walaa Insurance”, “Al Ahlia” with the “Gulf Union”, and “Solidarity” with “Al Jazira Takaful”.

As for the shares that were listed during the period, they are as follows: “Theeb Rental”, “Autumn and Development”, with a combined market value of the last three companies, at SR8.33 billion.

The market value of the shares owned by as many as outstanding 87 individual stakeholders, increased by SR31 billion, and the share of the top ten of them was SR25.98 billion, or 84%, of which SR19.67 billion (or 76%) out of the ten individuals’ market gains.

Dr. Sulaiman bin Abdulaziz Al-Habib topped the list, with a market gain of SR10.2 billion. He holds 40.03% of the shares of Sulaiman Al Habib Group Company, which had a market value of SR15.27 billion on December 31, 2020.

Last Thursday’s closing price put it at SR25.47 billion, after the share price climbed from SR109 to SR181.8. The owner’s share and the number of shares in the company remained flat.

While Prince Alwaleed bin Talal’s market gains from his ownership of Kingdom Holding Company totaled SR9.47 billion.

After the company’s share price increased from SR7.95 to SR10.64, the value of its 95 percent stake in the company’s shares increased from SR27.99 billion to SR37.46 billion, putting it in second place. That has to do with the stability of the stock and the number of shares he owns in the company, over time.

Suleiman Muhammad Suleiman Al-Sulaim, Muhammad Sultan Hammad Al-Subaie, and Nasser Sultan Fahd Al-Subaie, all saw their shares rise by SR959 million.

They control 17.5 % of Mouwasat Medical Services Company, and the company’s share price has risen from SR138 to SR192.8.

They are followed by Khaled Abdulrahman Saleh Al-Rajhi, whose interest in Bank Albilad grew in value (9.11%), rising from SR28.35 to SR42, equaling SR933 million.

Meanwhile the value of his interest in the Saudi Cement climbed by SR18 million, when the share price went from SR61.5 to SR63.2, he only owns 6.87%. His total profit from the two shares was thus SR951 million.

Abdulrahman Abdulaziz Saleh Al-Rajhi came in seventh position, having increased his ownership in Bank Albilad from 6.56 percent at the end of December 31, 2020, to 6.66% on September the 2^nd, 2021. It gained SR703 million in market value as its share went from SR28.35 to SR42.

Prince Sultan bin Muhammad bin Saud Al Kabeer Al Saud ranked the ninth. His “Almarai” company’s value increased by SR592 million, while his “Arab Shield Insurance” and “Yamama Cement” shares saw market gains of SR37 and SR34 million, respectively.

The gains in “Almarai” came from the increase in share value, but in the “Arab Shield”, the number of shares owned by Prince Sultan climbed from 4.28 million to 5.7 million, while the share price rose marginally from SR24.2 riyals to SR24.68.

With market gains of SR581 million, Ibrahim Abdullah Ibrahim Al-Muammar and Khaled Abdullah Ibrahim Al-Muammar ranked ninth and tenth, respectively. In a row, SR530 million.

This comes after Al-Muammar’s “Information Systems” stock jumped from SR96.2 on December 31, 2020, to SR173 on September the 2^nd, of this year.

Also, the number of shares in the corporation has increased from 20 million to 25 million. Thus, the market value of the first company’s shares exceeded SR1 billion, while the market value of the second company’s shares was SR955 million.