By Mohamed Abu Meleeh

Riyadh – Mubasher: Tadawul’s major shareholders’ list saw a number of changes Thursday, particularly in Riyad Bank, SAIB and Alinma Bank after three special transactions were executed on their shares.

A special transactions worth SAR 2.59 billion was carried out on Riyad Bank, which is considered the second largest special trade seen by Tadawul since starting the special transactions system in January, 2011.

In December, 2014, the market saw its biggest special transaction carried out on Al Rajhi Bank at a value reaching SAR 3.1 billion. The third largest special transaction, valued at SAR 2.351 billion, had been executed on Riyad Bank on 14 February, 2012. Safco saw the fourth largest special trade worth SAR 2.35 billion on 23 April, 2015.

A special transaction worth SAR 692.76 million was carried out on SAIB, while Alinma saw a special trade worth SAR 1.77 billion; the market sixth largest special trade.

The General Organization for Social Insurance (GOSI) reduced its ownership in Riyad Bank by 4.9%, or 147 million shares, which is the same volume for the special trade carried out on the stock Thursday. GOSI also cut its equity in Alinma Bank by 4.25%, or 27.62 million shares, which is also the same volume for the special trade seen by the stock.

Saad bin Abdul Mohsen Al Fadly, CEO of GOSI’s investment arm Hassana, said earlier GOSI transferred part of its ownership in a number of listed company to Hassana, as part of its equity restructuring programme.

Translated by Sayed Abdel Rahman