Shareholder Concentration
Ownership concentration analysis across GCC-listed companies. The Herfindahl-Hirschman Index (HHI) measures how concentrated ownership is among top shareholders — higher values indicate greater concentration risk.
Companies Tracked
108
Avg Top-5 Concentration
55.0%
Highest Single Holder
100.0%
Avg HHI
0.220
Concentration Risk Table
| Ticker | Company | Top Holder | Top % | Top 5 % | HHI | Risk |
|---|---|---|---|---|---|---|
 2223 Saudi Aramco Base Oil Company - Luberef | شركة أرامكو للتكرير والكيميائيات والتسويق | 70.0% | 210.0% | 1.470 | High | |
 ADNOCDRILL ADNOC Drilling Company PJSC | Abu Dhabi National Oil Company | 100.0% | 100.0% | 1.000 | High | |
 MODON Modon Holding PSC | Government of Abu Dhabi | 100.0% | 100.0% | 1.000 | High | |
 QNBTR QNB Bank AS | Qatar National Bank Q.P.S.C. | 99.8% | 99.8% | 0.996 | High | |
 MGROS Migros Ticaret A.S. | Migros Türk Anonim Şirketi | 95.6% | 95.6% | 0.914 | High | |
 DEWA Dubai Electricity and Water Authority (PJSC) | Dubai Investment Fund (DIF), Government of Dubai | 82.0% | 82.0% | 0.672 | High | |
 ADNOCDIST Abu Dhabi National Oil Company For Distribution | Abu Dhabi National Oil Company | 74.0% | 100.0% | 0.615 | High | |
 ADNOCGAS ADNOC Gas plc | The Abu Dhabi National Oil Company (ADNOC) | 74.0% | 100.0% | 0.610 | High | |
 VAKBN Turkiye Vakiflar Bankasi Turk Anonim Ortakligi | Türkiye Vakıflar Genel Müdürlüğü (Directorate of Turkish Foundations) | 71.5% | 100.0% | 0.592 | High | |
 9530 Arabian International Healthcare Holding Co. | شركة الادوية المتقدمة للادوية | 75.0% | 75.0% | 0.563 | High | |
 BURJEEL BURJEEL HOLDINGS PLC | VPS Healthcare Holdings PVT. Ltd | 70.0% | 100.0% | 0.524 | High | |
 TURSG Turkiye Sigorta A.S. | Turk Ekonomi Bankasi A.S. | 51.3% | 100.0% | 0.500 | High | |
 EAND Emirates Telecom. Group Company (Etisalat Group) PJSC | Government of UAE | 60.0% | 100.0% | 0.460 | High | |
 4083 United International Holding Co. | الشركة المتحدة للالكترونيات | 67.8% | 67.8% | 0.459 | High | |
 FALH Al Faleh Educational Holding Co. | عائشه فالح ناصر احمد ال ثانى | 65.9% | 65.9% | 0.434 | High | |
 MPHC Mesaieed Petrochemical Holding Company Q.S.C. | QATAR PETROLEUM | 65.5% | 65.5% | 0.428 | High | |
 SALAM Al Salam Bank B.S.C. | Goldilocks Investment Holding 1 Limited | 61.5% | 100.0% | 0.428 | High | |
 4192 Al-Saif Stores for Development & Investment Co. | سليمان محمد صالح السيف | 62.5% | 65.6% | 0.391 | High | |
 9551 Knowledge Tower Trading Co. | نوف حسن بن عبدالله اليمني | 52.3% | 83.7% | 0.372 | High | |
 9619 Multi Business Group for Projects Company | شركة كسوب القابضة | 57.0% | 78.3% | 0.370 | High | |
 2340 ARTEX Industrial Investment Company | شركة مجموعة العبداللطيف القابضة | 60.0% | 68.2% | 0.364 | High | |
 JTEL Jordan Telecom | Joint Investment Telecommunications Co. | 51.0% | 84.4% | 0.345 | High | |
 9572 Al Razi Medical Company | يوسف بن عبدالله بن يوسف العريني | 57.4% | 57.4% | 0.329 | High | |
 CCOLA Coca-Cola Icecek A.S. | Coca-Cola Company | 49.0% | 100.0% | 0.327 | High | |
 MCCS Mannai Corporation Q.P.S.C. | QATAR INV & PROJECTS DEVELOPMENT | 51.2% | 84.2% | 0.317 | High | |
 ASELS Aselsan Elektronik Sanayi ve Ticaret A.S. Class B | Turkish Armed Forces Foundation (TSKGV) | 49.9% | 74.9% | 0.311 | High | |
 ORDS Ooredoo Q.P.S.C | QATAR INVESTMENT AUTHORITY | 53.5% | 66.2% | 0.302 | High | |
 4009 Middle East Healthcare Company | شركة بيت البترجي الطبية المحدودة | 54.7% | 55.7% | 0.299 | High | |
 EMIRATESNBD Emirates NBD Bank (P.J.S.C) | Public shareholding | 37.8% | 100.0% | 0.295 | High | |
 IQCD Industries of Qatar Co. | QATAR PETROLEUM | 51.0% | 67.2% | 0.286 | High | |
 9543 Saudi Networkers Services Co., Ltd. | عبدالمحسن ابراهيم عبدالعزيز الطوق | 37.3% | 74.1% | 0.274 | High | |
 QNBK Qatar National Bank QPSC | QATAR INVESTMENT AUTHORITY | 51.9% | 51.9% | 0.270 | High | |
 3007 Zahrat Al Waha For Trading Co. | أحمد حمود إبراهيم الذياب | 51.0% | 51.0% | 0.260 | High | |
 1320 Saudi Steel Pipe Co. | شركة تيناريس العربية السعودية المحدودة | 47.8% | 64.2% | 0.255 | High | |
 4013 Dr. Sulaiman Al-Habib Medical Services Group Co. | سليمان عبدالعزيز سليمان الحبيب | 40.0% | 68.8% | 0.243 | Medium | |
 9607 ASG Plastic Factory Company | محمد بن فهد بن ناصر العثمان | 39.9% | 80.7% | 0.242 | Medium | |
 PUREHEALTH Pure Health Holding PJSC | Q Health LLC | 40.5% | 77.5% | 0.234 | Medium | |
 ABQK AHLI BANK Q.P.S.C. | QATAR INVESTMENT AUTHORITY | 47.7% | 47.7% | 0.228 | Medium | |
 VFQS Vodafone Qatar QSC | VODAFONE & QATAR FOUNDATION | 45.0% | 62.3% | 0.213 | Medium | |
 9574 Professional Medical Expertise Co. | شركة العمران القابضة | 43.6% | 63.9% | 0.203 | Medium | |
 1201 Takween Advanced Industries Co. | شركة العثمان القابضة مساهمة مقفلة | 41.6% | 48.8% | 0.177 | Medium | |
 4270 Saudi Printing & Packaging Co. | المجموعه السعودية للابحاث والاعلام | 38.6% | 70.9% | 0.176 | Medium | |
 9542 Arabian Food Industries (Domty) | شركة ايراد القابضة المحدودة | 41.0% | 49.2% | 0.175 | Medium | |
 ARMX Aramex PJSC | Investment Corporation of Dubai | 31.5% | 66.0% | 0.173 | Medium | |
 TABREED National Central Cooling Co. (P.S.C.) (Tabreed) | Investment Corporation of Dubai | 24.9% | 76.3% | 0.168 | Medium | |
 DIC Dubai Investment (P.J.S.C) | Investment Corporation of Dubai | 31.5% | 67.0% | 0.163 | Medium | |
 CBD Commercial Bank of Dubai(PSC) | Investment Corporation of Dubai | 23.6% | 80.0% | 0.163 | Medium | |
 MASQ Mashreqbank PSC | Investment Corporation of Dubai | 31.5% | 71.5% | 0.159 | Medium | |
 9524 Advance International Company for Communication and Information Technology | سعود محمد عبدالله ال شريم | 36.0% | 54.6% | 0.156 | Medium | |
 8240 Chubb Arabia Cooperative Insurance Company | شركة تشب آي ان ايه العالمية القابضة ليمتد | 30.0% | 60.0% | 0.155 | Medium | |
 DFM Dubai Financial Market (DFM) - PJSC | Investment Corporation of Dubai | 31.5% | 71.0% | 0.154 | Medium | |
 4015 Jamjoom Pharmaceuticals Factory Co. | يوسف محمد صلا ح عبد العزيز جمجوم | 37.4% | 56.6% | 0.153 | Medium | |
 IGRD Estithmar Holding Q.P.S.C | سميه صابر حمشو | 20.4% | 77.3% | 0.150 | Low | |
 6010 National Agricultural Development Co. | شركة السعودية للاستثمار الزراعي والانتاج الحيواني سالك | 38.6% | 38.7% | 0.149 | Low | |
 FAB First Abu Dhabi Bank | Abu Dhabi Investment Authority | 24.0% | 74.0% | 0.148 | Low | |
 1180 Saudi National Bank | صندوق الاستثمارات العامه | 37.2% | 37.2% | 0.139 | Low | |
 ADIB Abu Dhabi Islamic Bank | Abu Dhabi Investment Authority | 32.5% | 55.0% | 0.138 | Low | |
 SIB Sharjah Islamic Bank | Government of Sharjah | 26.8% | 66.8% | 0.133 | Low | |
 GWCS Gulf Warehousing Co. | HAMAD JASSIM JABOR MOHAMED AL-THANI | 30.9% | 49.5% | 0.130 | Low | |
 INB Invest Bank | Investment Corporation of Dubai | 23.8% | 65.3% | 0.129 | Low | |
 1321 East Pipes Integrated Company for Industry | شركة ويلسبون مريشيوس القابضة | 26.5% | 58.5% | 0.129 | Low | |
 DIB Dubai Islamic Bank PJSC | Investment Corporation of Dubai | 31.5% | 59.7% | 0.126 | Low | |
 QIGD Qatari Investors Group | AL MISNAD HOLDING CO | 35.4% | 35.4% | 0.125 | Low | |
 AJMANBANK Ajman Bank PJSC | Sheikh Humaid bin Rashid Al Nuaimi | 23.1% | 68.0% | 0.125 | Low | |
 2083 Power and Water Utility Company for Jubail and Yanbu (Marafiq) | صندوق الاستثمارات العامه | 17.5% | 70.0% | 0.123 | Low | |
 2350 Saudi Kayan Petrochemical Co. | الشركه السعوديه للصناعات الأساسيه سابك | 35.0% | 35.0% | 0.123 | Low | |
 1183 SHL Finance Co. | البنك العربي الوطني | 29.4% | 45.5% | 0.101 | Low | |
 7204 Perfect Presentation for Commercial Services Co. | شركة الأمثل للاعمال والاستثمار التجاري | 20.7% | 59.1% | 0.097 | Low | |
 8190 United Cooperative Assurance Co. | يو سي ايه القابضة ذمم | 30.3% | 33.3% | 0.092 | Low | |
 1835 Tamkeen Human Resources Company | شركة تسهيل العقارية | 21.3% | 59.5% | 0.092 | Low | |
 QNCD Qatar National Cement Co. | QATAR INVESTMENT AUTHORITY | 24.6% | 51.2% | 0.092 | Low | |
 1820 BAAN Holding Group Company | شركة عبدالمحسن الحكير واولاده المحدودة | 26.5% | 39.0% | 0.086 | Low | |
 2280 Almarai Company | شركة سلطان القابضة | 23.7% | 45.2% | 0.085 | Low | |
 8170 Al-Etihad Cooperative Insurance Co. | الشركة الأهلية للتأمين ش م ك ع | 28.7% | 29.0% | 0.082 | Low | |
 1010 Riyad Bank | صندوق الاستثمارات العامه | 21.8% | 48.9% | 0.072 | Low | |
 UDCD United Development Co. | QATAR GENERAL RETIREMENT AND SOCIAL INSURANCE AUTHORITY | 22.3% | 42.7% | 0.071 | Low | |
 9528 Alkhabeer REIT Fund | (شركة اجيال المستقبل المحدودة (شركة شخص واحد | 12.3% | 56.5% | 0.066 | Low | |
 ADNIC Abu Dhabi National Insurance Company | Mamoura Diversified Global Holding PJSC | 24.0% | 24.0% | 0.058 | Low | |
 1302 Bawan Co. | شركة الفوزان القابضة مساهمة مقفلة | 20.9% | 29.4% | 0.051 | Low | |
 ZHCD Zad Holding Co. | FUTURE INVESTMENT COMPANY | 10.3% | 47.9% | 0.050 | Low | |
 QFBQ Lesha Bank L.L.C | AL ZUBARAH REAL ESTA | 15.0% | 43.2% | 0.049 | Low | |
 4261 Theeb Rent a Car Company | محمد احمد عبدالله الذييب | 19.9% | 27.2% | 0.044 | Low | |
 8070 Arabian Shield Cooperative Insurance Co. | شركة مصرف الا نماء | 11.5% | 42.6% | 0.038 | Low | |
 QIIK Qatar International Islamic Bank | QATAR INVESTMENT AUTHORITY | 16.6% | 26.6% | 0.038 | Low | |
 MCGS Medicare Group QSC | EZDAN HOLDING GROUP | 12.5% | 27.9% | 0.029 | Low | |
 IHGS Inma Holding Company | EZDAN HOLDING GROUP | 16.4% | 16.4% | 0.027 | Low | |
 4014 Scientific and Medical Equipment House | بندر سعود محمد العريفي | 7.1% | 32.0% | 0.024 | Low | |
 6012 Raydan Food Co. | منصور عوض الله احمد السلمى | 12.8% | 21.0% | 0.023 | Low | |
 1301 United Wire Factories Co. | محمد رشيد محمد الرشيد | 12.2% | 25.7% | 0.023 | Low | |
 8120 Gulf Union Alahlia Cooperative Insurance Co. | شركة روابي القابضة مساهمة مقفلة | 10.3% | 24.1% | 0.018 | Low | |
 4110 Batic Investments and Logistics Co. | تركي ابراهيم منصور محمد الراجحي | 10.8% | 19.5% | 0.016 | Low | |
 4050 Saudi Automotive Services Co. | ابراهيم محمد ابراهيم الحديثي | 10.3% | 17.8% | 0.016 | Low | |
 9532 Al-Jouf Healthy Water Bottling Company | عبدالله ابراهيم عبدالعزيز الموسى التميمي | 6.4% | 21.7% | 0.012 | Low | |
 DBIS Dlala Brokerage and Investment Holding Company | WADI AL SAIL FUND 8 | 5.0% | 20.0% | 0.010 | Low | |
 1150 Alinma Bank | صندوق الاستثمارات العامه | 10.0% | 10.0% | 0.010 | Low | |
 QNNS Qatar Navigation QSC | QATAR PETROLEUM | 8.6% | 13.7% | 0.010 | Low | |
 3004 Northern Region Cement Co. | شركة عبر المملكة للإستثمار | 9.8% | 10.2% | 0.010 | Low | |
 3020 Yamamah Saudi Cement Co. | الا مير سلطان محمد سعود ال سعود | 5.7% | 16.3% | 0.009 | Low | |
 4140 Saudi Industrial Export Co. | عادل عبدالله ناصر العجلا ن | 8.1% | 8.2% | 0.007 | Low | |
 1020 Bank Aljazira | ابراهيم عبدالرحمن محمد القنيبط | 6.1% | 11.2% | 0.006 | Low | |
 QISI Qatar Islamic Insurance Group | EZDAN HOLDING GROUP | 7.3% | 7.3% | 0.005 | Low | |
 2001 Methanol Chemicals Co. | فاتن صالح عبدالعزيز الراجحي | 7.1% | 7.4% | 0.005 | Low | |
 2060 National Industrialization Co. | شركة المملكة القابضة | 6.2% | 6.3% | 0.004 | Low | |
 4191 Abdullah Saad Mohammed Abo Moati for Bookstores Co. | سعيد عمر سعيد باسعيد | 5.1% | 9.7% | 0.004 | Low | |
 2120 Saudi Advanced Industries Co. | دخيل رجاء جايز آل سعيد الهاجري | 5.1% | 5.1% | 0.003 | Low | |
 4012 Thob Al-Aseel Co. | عبدالرحمن عبدالله ابراهيم الجديعي | 3.8% | 7.1% | 0.002 | Low | |
 4200 Aldrees Petroleum & Transport Services Co. | حمد محمد سعد الدريس | 3.8% | 3.8% | 0.001 | Low | |
 4300 Dar Al Arkan Real Estate Development Co. | زياد نعيم الشعار | 0.0% | 0.0% | 0.000 | Low |
Holder Type Distribution
Most Concentrated
Top 10 companies by single largest shareholder percentage.
| # | Ticker | Company | Top Holder | Holding % | HHI |
|---|---|---|---|---|---|
| 1 | ADNOCDRILL ADNOC Drilling Company PJSC | Abu Dhabi National Oil Company | 100.0% | 1.000 | |
| 2 | MODON Modon Holding PSC | Government of Abu Dhabi | 100.0% | 1.000 | |
| 3 | QNBTR QNB Bank AS | Qatar National Bank Q.P.S.C. | 99.8% | 0.996 | |
| 4 | MGROS Migros Ticaret A.S. | Migros Türk Anonim Şirketi | 95.6% | 0.914 | |
| 5 | DEWA Dubai Electricity and Water Authority (PJSC) | Dubai Investment Fund (DIF), Government of Dubai | 82.0% | 0.672 | |
| 6 | 9530 Arabian International Healthcare Holding Co. | شركة الادوية المتقدمة للادوية | 75.0% | 0.563 | |
| 7 | ADNOCDIST Abu Dhabi National Oil Company For Distribution | Abu Dhabi National Oil Company | 74.0% | 0.615 | |
| 8 | ADNOCGAS ADNOC Gas plc | The Abu Dhabi National Oil Company (ADNOC) | 74.0% | 0.610 | |
| 9 | VAKBN Turkiye Vakiflar Bankasi Turk Anonim Ortakligi | Türkiye Vakıflar Genel Müdürlüğü (Directorate of Turkish Foundations) | 71.5% | 0.592 | |
| 10 | 2223 Saudi Aramco Base Oil Company - Luberef | شركة أرامكو للتكرير والكيميائيات والتسويق | 70.0% | 1.470 |
Most Dispersed
Bottom 10 companies by HHI — the most democratically held.
| # | Ticker | Company | Top Holder % | Top 5 % | HHI | Risk |
|---|---|---|---|---|---|---|
| 1 | 4300 Dar Al Arkan Real Estate Development Co. | 0.0% | 0.0% | 0.000 | Low | |
| 2 | 4200 Aldrees Petroleum & Transport Services Co. | 3.8% | 3.8% | 0.001 | Low | |
| 3 | 4012 Thob Al-Aseel Co. | 3.8% | 7.1% | 0.002 | Low | |
| 4 | 2120 Saudi Advanced Industries Co. | 5.1% | 5.1% | 0.003 | Low | |
| 5 | 4191 Abdullah Saad Mohammed Abo Moati for Bookstores Co. | 5.1% | 9.7% | 0.004 | Low | |
| 6 | 2060 National Industrialization Co. | 6.2% | 6.3% | 0.004 | Low | |
| 7 | 2001 Methanol Chemicals Co. | 7.1% | 7.4% | 0.005 | Low | |
| 8 | QISI Qatar Islamic Insurance Group | 7.3% | 7.3% | 0.005 | Low | |
| 9 | 1020 Bank Aljazira | 6.1% | 11.2% | 0.006 | Low | |
| 10 | 4140 Saudi Industrial Export Co. | 8.1% | 8.2% | 0.007 | Low |
Sector Comparison
Average HHI by GICS sector. Higher values suggest more concentrated ownership structures.
| Sector | Avg HHI | Companies | Concentration |
|---|---|---|---|
| Energy | 1.040 | 2 | |
| Unknown | 0.509 | 2 | |
| Communication Services | 0.325 | 3 | |
| Health Care | 0.292 | 7 | |
| Consumer Discretionary | 0.277 | 10 | |
| Information Technology | 0.231 | 5 | |
| Industrials | 0.223 | 12 | |
| Financials | 0.185 | 39 | |
| Non-Energy Minerals | 0.163 | 1 | |
| Materials | 0.150 | 13 | |
| Utilities | 0.145 | 2 | |
| Consumer Staples | 0.126 | 11 | |
| Real Estate | 0.066 | 1 |
This analysis is based on available data and disclosed methodology. Our models estimate outcomes using specific inputs and assumptions — the methodology is described on this page. Observations may not account for all relevant factors. This content is provided for educational and informational purposes only.
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