Business · Markets · 15 hrs ago
Al-Bahri Falls to Fourth-Largest Holding Among Saudi Equity Funds
Al-Bahri fell from second to fourth place among the largest holdings of Saudi Arabia’s 10 biggest equity funds at the start of the third quarter.
Its estimated value across those funds dropped to about 654 million riyals from about 950 million in April, and it appeared among the top holdings of six funds instead of eight.
Al Rajhi Bank remained the funds’ most widely held stock, appearing among the top 10 holdings of all 10 funds, with an estimated 2.4 billion riyals invested.
Saudi Aramco rose to second place with about 863 million riyals, followed by telecom company stc with about 822 million.
The shift reflects funds rearranging their holdings in major stocks, rather than a broad change in investment direction.
Banks remained the largest sector holding, accounting for about 33% of the largest disclosed holdings, while telecoms gained share.
The 10 funds had an asset-weighted return of about -3.8% in the third quarter, and only four had outperformed their benchmarks since the start of the year.
Al-Bahri fell to fourth place among the largest holdings of Saudi Arabia’s 10 biggest equity funds at the start of the third quarter.
Its estimated value across those funds dropped to about 654 million riyals from about 950 million riyals in April.
Saudi Aramco rose to second place with an estimated holding of about 863 million riyals, while stc ranked third at about 822 million riyals.
Al Rajhi Bank remained the largest holding, appearing among the top 10 holdings of all 10 funds, with exposure estimated at about 2.4 billion riyals.
The funds’ asset-weighted return was about negative 3.8% in the third quarter and negative 2.6% since the start of the year.
- Who
- Saudi Arabia’s 10 largest equity funds by assets.
- What
- Their estimated holdings in Al-Bahri fell, moving the stock from second to fourth place among their largest exposures.
- When
- At the start of the third quarter; the article was published on November 2, 2026.
- Where
- Saudi equity funds investing in Saudi-listed companies.
- Why
- The article suggests the reduction may reflect risk rebalancing after Al-Bahri’s share price rose about 30% since the start of the year, as well as the cyclical nature of shipping earnings.
This story does not have two clearly opposing sides.
The estimated value of the funds’ Al-Bahri holdings was about 950 million riyals.
Al-Bahri’s estimated holding value had fallen to about 654 million riyals, putting it in fourth place among the funds’ largest exposures.
- Al-Bahri holding value
- About 654 million riyals at the start of the third quarter, down from about 950 million riyals in April
- Al-Bahri ranking
- Fourth among the funds’ largest exposures
- Saudi Aramco exposure
- About 863 million riyals
- stc exposure
- About 822 million riyals
- Al Rajhi Bank exposure
- About 2.4 billion riyals, appearing among the top 10 holdings of all 10 funds