Stocks● Neutral
Saudi Aramco, 3 Others See Big Ownership Shifts on July 20
Aramco saw a 0.62 percentage-point ownership jump on July 20, valued at roughly 2.7 billion riyals. Al Rajhi Bank, Saudi National Bank and STC also filed changes.
Continue with
Major ownership changes hit four Saudi-listed companies on July 20, according to exchange filings.
Saudi Arabian Oil Co. (Aramco) saw the biggest swing. A single investor, named in the filing as Prince Mohammed bin Salman bin Abdulaziz Al Saud Foundation for the Disabled, reported a direct ownership increase to 0.63% from a previous 0.01%. That 0.62 percentage-point jump represents shares worth roughly 2.7 billion riyals at the stock's July 20 close.
Al Rajhi Bank reported a stake reduction by a group of related parties. The filing showed a decline to 15.64% from 16.28%, a 0.64 percentage-point drop.